India to become third largest importer by 2050

India to become third largest importer by 2050

Daily Current Affairs   /   India to become third largest importer by 2050

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Category : National Published on: September 23 2021

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·        According to a report released by the UK's Department of International Trade, India could become the world's third largest importer by 2050.

·        With a 5.9 percent share of global imports by 2050, the country will become the third largest importer after China and the United States.

·        Currently, India ranks eighth in the list of largest importing countries with a share of 2.8 per cent.

·        According to the Global Trade Outlook report, the country's position in the list will reach the fourth position by 2030 with a share of 3.9 percent.

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v The United Kingdom, made up of England, Scotland, Wales and Northern Ireland, is an island nation in northwestern Europe. The origins of the United Kingdom can be traced back to the time of the Anglo-Saxon king Athelston.

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