India Set to Surge as Global Trade Powerhouse, Ranking Third Behind U.S. and China: Report
New Delhi [India], March 24 (ANI): According to DHL, India is poised to emerge as a key catalyst for worldwide trade growth over the coming five years, securing the third position in total trade increase. Trade Atlas 2025 report.
It is anticipated that the nation will contribute 6 percent to the increased worldwide trade over this timeframe, ranking below only China (which accounts for 12 percent) and the United States (with a contribution of 10 percent).
The document emphasized India's increasing significance in global commerce, along with other rising economic powers like Vietnam, Indonesia, and the Philippines. These nations are predicted to rank within the top 30 globally for both rapidity and volume of trade.
The statement reads, “Over the coming half-decade, India, Vietnam, Indonesia, and the Philippines are projected to be within the top 30 countries for both the pace and volume of trade expansion. Additionally, India is highlighted as the nation with the third-highest predicted increase in total trade.”
In recent times, India’s trade record has been impressive. By 2024, it had become the world's 13th biggest trader; however, it saw an average yearly increase in trade volume of 5.2 percent between 2019 and 2024. This pace of development significantly surpassed the worldwide trade growth rate of merely 2 percent over those five years.
The report credited India's swift growth in trade to its robust economic indicators and increased participation in international trading systems.
A significant pattern highlighted in the report is the growing proportion of worldwide commerce conducted among nations that do not have strong ties to either the United States or China. This percentage climbed from 42% in 2016 to 47% in 2024.
According to the report, countries such as the United Arab Emirates, India, Vietnam, Brazil, and Mexico have notably boosted their involvement in international trade, solidifying their roles as major actors in the changing worldwide economic scene.
Moreover, commerce with nations regarded as neutral—those not aligning closely with either the U.S. or China—has increased, climbing from 15.4 percent in 2016 to 17.5 percent in 2024. This development underscores a move toward a more varied and multi-pole trading landscape.
Given its robust economic foundations and growing engagement in international trade, India is ideally situated to maintain its positive momentum in global commerce. In the upcoming years, India is anticipated to strengthen its position as one of the quickest-expanding trading countries globally. (ANI)
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