In less than 40 years India will overtake the US as the world’s second-largest trading nation, pushing today’s superpower into third place and Europe in to the little leagues, according to a new report by Citi.
‘According to our projections, world trade in goods and services will grow from $37 trillion in 2010 to $149 trillion in 2030 and $371 trillion in 2050,’ Citigroup’s William Buiter and Ebrahim Rahbari wrote in a research note released on Thursday.
Full Story: US to lose second place in world trade to India: Citi