India is set to topple USA as the biggest importer of goods for infrastructure (materials needed for infrastructure projects) in the world by 2020. It will continue to hold this position till 2030, as it builds civil infrastructure, bolstering demand for overseas goods, according to HSBC´s latest Trade Forecast report.
The report, which has a special focus on infrastructure, finds growing Asian economies will take an increasing share of infrastructure-related imports over time, with Malaysia, Korea and Vietnam moving up the rankings.
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