India has more to offer Africa than just trade

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Rahul Mazumdar is an economist with the Export-Import Bank of India in Mumbai. The views expressed here are his own.

Indian trade with Africa has been growing rapidly in recent years. Since 2003, two-way trade volumes have risen more than 18% per year on average to reach $102.6 billion last year.

Thanks to this growth, Indian products now represent 6.3% of Africa’s total imports. Yet China remains well ahead, supplying 18.3% of Africa’s imports.

https://asia.nikkei.com/Opinion/India-has-more-to-offer-Africa-than-just-trade