by ultadin | 08/11/2015 12:00 am
‘India will distinguish itself from China to Africa’
In an attempt to boost trade and investment opportunities abroad, India has welcomed heads of state, policymakers, and businessmen from every country in Africa, marking the largest ever India-Africa summit.Leaders from some 54 nations descended on New Delhi this week for a summit aimed at ushering in a ‘partnership of prosperity’ for Africa and Africans.
With an estimated population of 1.1 billion, Africa’s total GDP is worth over $2.8tn and has been growing at over five percent every year.
And with India’s trade with the continent worth $71bn a year, it believes Africa will help its economy grow faster and is targeting around $90bn by the end of 2015.
Razia Khan, an economist and head of Africa research at Standard Chartered Bank, joins Counting the Cost to discuss India’s pragmatic approach to Africa.
Thursday, November 05, 2015
Source URL: http://ultadin.com/2015/11/08/india-will-distinguish-itself-from-china-to-africa/
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