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India To Be Third Largest Importer By 2050: UK Report

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According to a new report brought out by the UK’S Department of International Trade, India is going to become the world’s third largest importer until the year 2050. Currently, it is poised on the eighth position. It will have a 5.9% share of global imports, following China and the United States (US). The report also says how the purchasing powers of the Indian middle class is going to rule the import demands in the country. For starters, the US’s and EU share of most import sectors is therefore expected to decline out to 2030. One will see a dramatic changeAccording to a new report brought out by the UK’S Department of International Trade, India is going to become the world’s third largest importer until the year 2050. Currently, it is poised on the eighth position. It will have a 5.9% share of global imports, following China and the United States (US). The report also says how the purchasing powers of the Indian middle class is going to rule the import demands in the country. For starters, the US’s and EU share of most import sectors is therefore expected to decline out to 2030. One will see a dramatic change […]

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