India to rank 3rd in world trade..!?

India will be in 3rd place in world trade in the next 5 years, with a 6 percent contribution, according to a study. DHL, in collaboration with New York university Stern school of Business, conducted a study. In it, india is predicted to be the 3rd largest contributor to world trade in the next 5 years. china is in first place with 12 percent and the US is in second place with 10 percent. In 2024, india was in 13th place in world trade. While world trade growth was 2 percent during these periods, India's growth was 5.2 percent.
20 percent tax on onion exports abolished: central government orders. It has been stated that India's rapid trade growth reflects both its rapid economic growth and its increasing contribution to international trade. Although china is considered to be ahead of india in terms of trade-based economy, India's merchandise trade and GDP ratio have increased more than China's in 2023. That is, india has dominated china in terms of goods and services, it has been reported. The study report revealed that India's future trade growth will be further strengthened by investments from foreign companies in the manufacturing sector.
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Sowmiya Sriram

23/03/2025 09:32 PM