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India - 3rd largest importer by 2050
September 24 , 2021
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- India could become the world’s third-largest importer by 2050.
- This is according to a report released by the UK’s Department of International Trade.
- With a 5.9 per cent share of global imports by 2050, the country will become the third-largest importer.
- It will follow China and the United States.
- At present, India occupies the eighth spot on the list of the largest importing countries with a 2.8 per cent share.
- As per the Global Trade Outlook report, the country’s position on the list will jump to the fourth position by 2030 with a 3.9 per cent share.
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