Indo-Africa Trade and Partnership is a Catalyst for the Development in Africa
Africa Quarterly, Vol. 49, pp. 30-39, 2011
Posted: 29 Oct 2011
Date Written: October 29, 2011
India is the largest democratic country in the world and emerging Giant which has established important trading ties with many continents of the World particularly the African continent for its energy supplies. Africa's is rich in natural resources and second biggest continent in the world and its major challenge is to compete in the global economy. The economic strength depends on command over natural resources and quality of the labour force. Unfortunately, Africa has been lagging behind in its human capital and development where India is much ahead of. India has offered its fullest cooperation to harness the great potential of the African people for the cause of Africa's progress and development. The paper delves the main aims and objectives of different projects that have been initiated by the Government of India in the African Continent for the last one decade. The paper also investigates the trade and partnership agreements that had been taken place over a period of time. For example, the Pan-African Network is a relatively a new project that attempts to add a fresh dimension to India’s partnership with Africa. This paper examines the current and upcoming trade and partnership agreements between India and Africa. The economic and commercial ties between India and Africa are old and robust. From time immemorial, trade relationships have been ongoing where both sides benefited immensely.
Keywords: India, Africa, trade and partnership, human capita, science and technology, empowerment, economic development
JEL Classification: F10, F13, F18, F36
Suggested Citation: Suggested Citation