Daily Current Affairs / India to become third largest importer by 2050
Category : National Published on: September 23 2021
· 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.
Important facts
About United Kingdom
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.
v Prime Minister: Boris Johnson
v Capital: London
v Currency: Pound Sterling
China achieves a global milestone by completing the world’s first thorium-to-uranium fuel conversion in a molten salt reactor, advancing clean and safe nuclear energy innovation.
Read More....Shri Vishvajit Sahay, a 1990-batch IDAS officer, takes charge as the Controller General of Defence Accounts (CGDA).
Read More....India achieves a major milestone as Chhattisgarh sends its first export of Fortified Rice Kernel to Costa Rica, boosting global nutrition goals.
Read More....India’s top IITs slip in QS Asia Rankings 2026, while China and Singapore strengthen their dominance with higher research and global engagement.
Read More....Zohran Mamdani creates history by becoming New York City’s first Muslim and youngest mayor in a century, symbolizing a new era of inclusive American politics.
Read More....World Tsunami Awareness Day is observed every year on November 5 to promote preparedness and safety against tsunami disasters.
Read More....OpenAI launches IndQA, its first India-focused benchmark to evaluate AI’s understanding of Indian languages and cultural contexts.
Read More....India and Bahrain strengthen defence, trade, and strategic cooperation through the 5th High Joint Commission meeting in New Delhi.
Read More....OECD’s International Migration Outlook 2025 names India as the top source of skilled migrants, highlighting the need for better integration and inclusion policies.
Read More....India and the UK launched a joint Science & Technology Partnership Dashboard to track 143 bilateral projects and boost innovation collaboration.
Read More....