Vishnu Prakash Mangu Associate Professor, Department of Political Science, Government Degree College, Puttur, Tirupati 517583, Andhra Pradesh, India
Address for correspondence: Vishnu Prakash Mangu, Associate Professor, Department of Political Science, Government Degree College, Puttur, Tirupati 517583, Andhra Pradesh, India E-mail: vipra.cce@gmail.com
This license enables
reusers to distribute, remix, adapt, and build upon the material in any medium
or format for noncommercial purposes only, and only so long as attribution is
given to the creator.
Vishnu Prakash Mangu. Trade & Investment Between India - Africa: A South - South Enduring Engagement. Int J Pol Sci 2024;10(1):19–30.
Timeline
Received : September 29, 2023
Accepted : November 02, 2023
Published : June 30, 2024
Abstract
The research dealt with trading relations between India and Africa and how over the period trade and investment strengthened in some areas. This paper analyses the trade and investment areas between India and Africa in three sections. The first section deals with India’s exports and imports, the second one with investment and third identifies and addresses the problems and prospects. Further, it suggests strategies to overcome hurdles to foster development in trade and investment. Trade and investment can be fortified in Pan-Africa, region-wise, and bilateral basis. India and Africa have had good socio-cultural, political, economic, and trade relations from ancient times. After the II World War, many Afro-Asian nations gained independence, thus leading to strengthening relations among them. India always supported African countries in their struggle for independence, apartheid, and UN Peace Missions. However, India and Africa have started trade and investment in enduring their engagement further. The conclusion focused on steps may be taken to endure the engagement between India and Africa.
References
1. https://grfdt.com/Publication Details.aspx? Type = Articles & TabId=1033, retrieved on 06.12.2019.
2. https://www.mea.gov.in/Portal/Foreign Relation/Bilateral_Brief_Kenya_Nov_2018.pdf, retrieved on 06.12.2019.
3. http://www.global-briefing.org/2012/10/indiaafrica-trade-a-unique-relationship/, retrieved on 06.12.2019.
4. https://idsa.in/africatrends/indian-diasporain-africa-a-profile_rkgupta_0614, retrieved on 06.12.2019.
5. Tripathi Upendra, Jain Amit Kumar, and Katiyar Vinita, ‘An Overview on Indian Diaspora in Africa’, Educational Quest: AnInt.J. of Education and Applied Social Science: Vol. 8, No. 1, pp. 17-21, April 2017.
6. http://phdcci.in/image/data/Research%20 Bureau-2014/Economic%20Developments/ Economic-2018/March/Report%20on%20India. pdf, retrieved on 06.12.2019.
7. https://www.africa-business.com/features/ india_africa.html, retrieved on 06.12.2019.
8. https://www.wto.org/english/tratop_e/ devel_e/a4t_e/global_review13prog_e/india_ africa_report.pdf, retrieved on 16.12.2019.
9. https:// www.e ximbank ind ia.i n/Asset s/ D y n a m i c / P D F / P u b l i c a t i o n - R e s o u r c e s / SpecialPublications/Deepening-South-SouthCollaboration_An-Analysis-of-Africa-andIndias-Trade-and-Investment.pdf, retrieved on 06.12.2019.
10. Pradhan Sanjay Kumar, “India and Africa: Quest for Oil and Gas”, Indian Foreign Affairs Journal 7, no 3 (2012), 284.
11. https: // eco no micti mes .ind iati me s .com/ news/politics-and-nation/indias-partnershipw i t h - a f r i c a - i s - f r e e - o f - c o n d i t i o n a l i t i e s / articleshow/69568080.cms?from=mdr, retrieved on 07.12.2019.
12. https://mea.gov.in/Uploads/Publication Docs/25981_framework.pdf, retrieved on 06.12.2019.
13. Pradhan Sanjay Kumar, “India and Africa: Quest for Oil and Gas”, Indian Foreign Affairs Journal 7, no 3 (2012), 284.
14. S Prahalathan et al, Outward Direct Investment from India: Trends, Objectives and Policy Perspectives”, Occasional Paper No. 165. ExportImport Bank of India, 2014.
15. https://www.financialexpress.com/economy/ india-africa-trade-touches-62-66-billion-for-2017- 18-increases-22/1444750/, retrieved on 06.12.2019.
17. https://economictimes.indiatimes.com/news/ economy/foreign-trade/india-africa-tradecan-grow-3-fold-to-150-billion-in-5-years-c-rchaudhary/articleshow/63485290.cms, retrieved on 07.12.2019.
18. Prime Minister’s address at Parliament of Uganda during his State Visit to Uganda, Ministry of External Affairs, Government of India, July 25, 2018
19. “Cabinet approves opening of Missions in Africa to implement commitments of India Africa Forum Summit (IAFS-III)” Press Information Bureau, Government of India, 21 March, 2018. Accessed on April 4 21, 2019.
20. India Development Cooperation Research (IDRC): India-Africa Brief (idcr.cprindia.org/p/page-1. html)
21. https://www.orfonline.org/research/the-tenguiding-principles-for-india-africa-engagementfinding-coherence-in-indias-africa-policy/#_ edn3, retrieved on 06.12.2019.
22. Foreign Direct Investment in Africa - KPMG; retrieved from:www.kpmg.com/africa/en/.../ foreign-direct-investment-inafrica.aspx, retrieved on 06.12.2019.
23. https://www.africa-business.com/features/ india_africa.html, retrieved on 19.12.2019.
24. India-Africa: South-South Trade and Investment for Development—WTO-CII Report (2013).
25. Ernst & Young’s Attractiveness Survey – Africa 2013: Getting down to business retrieved from http://www.ey.com/Publication/vwLUAssets/ The_Africa_Attractiveness_Survey_2013/$FILE/ Africa_Attractiveness_Survey_20 13_AU1582.pdf, retrieved on 07.12.2019.
26. The Global Competitiveness Report 2012–2013: Country Profile Highlights; retrieved from http:// www3.weforum.org/docs/CSI/2012-13/GCR_ CountryHighlights_2012-13.pdf, retrieved on 07.12.2019.
28. Sukalpa Chakrabarti and Ghosh Ishita/Procedia - Social and Behavioral Sciences 157 (2014) pp.340 – 352, www.sciencedirect.com, retrieved on 17.12.2019.
29. Confederation of Indian Industries (CII), “India’s Development Cooperation with Africa: What Role for the Private Sector”, (New Delhi: CII).
Data Sharing Statement
There are no additional data available. All raw data and code are available upon request.
Funding
This research received no funding.
Author Contributions
All authors contributed significantly to the work and approve its publication.
Ethics Declaration
This article does not involve any human or animal subjects, and therefore does not require ethics approval.
Acknowledgements
We would like to express our gratitude to the patients, their families, and all those who have contributed to this study.
Conflicts of Interest
No conflicts of interest in this work.
About this article
Cite this article
Vishnu Prakash Mangu. Trade & Investment Between India - Africa: A South - South Enduring Engagement. Int J Pol Sci 2024;10(1):19–30.
This license enables
reusers to distribute, remix, adapt, and build upon the material in any medium
or format for noncommercial purposes only, and only so long as attribution is
given to the creator.
This license enables
reusers to distribute, remix, adapt, and build upon the material in any medium
or format for noncommercial purposes only, and only so long as attribution is
given to the creator.