16-April-2024
Economy News
 
India to be 3rd largest importer by 2050: UK report
20-Sep-2021

With a growing middle class and its rising discretionary spending, India will become the world’s third largest importer by 2050 with a share of 5.9% of global imports, right behind China and the US, a new report said, mimicking its projected ranking among world economies. At present, India is ranked eighth among largest importing nations with a 2.8% import share and is set to become the fourth largest importer by 2030.

News Source:- https://www.hindustantimes.com/business/india-to-be-third-largest-importer-by-50-uk-report-101632074169695.html
 
 
 

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