India could become the world’s third-largest importer by 2050, 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, following China and the United States.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
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.
About UK’s Department of International Trade:
The Department for International Trade is a United Kingdom government department responsible for striking and extending trade agreements between the United Kingdom and foreign countries, as well as for encouraging foreign investment and export trade.
Haryana, a state in northern India, has seen rapid growth in industries over the years.…
An international team of astronomers led by Kathleen Charlton from the University of Cape Town,…
The 40th edition of the Governor’s Gold Cup International Football Tournament reached its thrilling climax…
Indian Constitution Day 2024 On November 26, Indian observes Constitution Day, also known as ‘Samvidhan…
Many countries are known by unique terms that reflect their culture, geography, or history. For…
In a remarkable recognition of his contribution to Indian cinema and the performing arts, acclaimed…