AN EMERGING TREND IN TRADE AND INVESTMENT RELATION BETWEEN INDIA AND AFRICA

Abstract

In recent times there has been a massive increase in the volumes of trade carried out between Africa and India. In the year 2017, the FDI flows into Africa saw a decline of 21% by an amount of $42 billion. This was mainly triggered off by the falling prices of oil and a slump in the global market of the commodity. Soon this number of FDI into central Africa fell by 22% and an amount of $5.7 billion. In the course of this paper, we shall take a look at these trade and investment patterns between the nations of Africa and India.