2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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India
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USA
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UK
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China
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Detailed explanation-1: -India likely to become world’s 3rd largest importer by 2050: Report.
Detailed explanation-2: -The report projected that India would leapfrog to the third place by 2050 in the ranking of world’s largest economies, just behind China and the US, with a share of 6.8% in global GDP. At present, India is ranked fifth in size of world’s economies with a share of 3.3%.
Detailed explanation-3: -As a result, six of the seven largest economies in the world are projected to be emerging economies in 2050 led by China (1st), India (2nd) and Indonesia (4th) The US could be down to third place in the global GDP rankings while the EU27’s share of world GDP could fall below 10% by 2050.
Detailed explanation-4: -World’s 10 Largest Importers The United States is the world’s largest importer of goods, followed by China and Germany.
Detailed explanation-5: -China will still be the world’s leading exporter, and Asia is poised to be the starting point for a quadrupling of global exports to an estimated $68.5 trillion by 2050, said the report.