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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