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.
India is preparing for a major shift in its trade and automobile policy. As negotiations…
The 77th Republic Day Parade in New Delhi became a unique blend of history, art,…
The Government of India Act, 1935 marked a major constitutional experiment under British rule. Enforced…
India marked its 77th Republic Day with a spectacular parade that blended military strength, cultural…
The Beating Retreat Ceremony is a grand military tradition that marks the formal conclusion of…
The 42nd Constitutional Amendment Act, 1976 is one of the most significant changes ever made…