Citibank

India will be world's second largest trader by 2050: Citibank

India will be world's second largest trader by 2050: CitibankWashington, June 24 : 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 Citigroup.

"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 Thursday.

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