Creeping tiger: India's presence in Africa

摘要

The world today has become increasingly integrated and multi-polar. In particular, the dynamism of emerging economies and many developing countries in recent years has sparked a shift in economic power from west to east and north to south. The 'rise of the South' has become a stimulus for expanding South-South economic links, most notably in trade, but also in foreign direct investment (FDI), aid and remittances. The emergence of a number of large developing countries as major players on the international stage has brought the question of South-South cooperation to centre-stage once again. Once such example is increasing India-Africa trade. In the past few years, the economic ties between India and Africa have followed an upward trend due to the economic and technological boom in India. Apart from the trade relations, India investment has substantially increased in African continent as it holds a great potential. This paper tries to study the effects of the increased economic power of India and the emergence of investment opportunities in Africa. It also provides a systematic analysis of the current scenario of trade of India with Africa along with possible recommendations.