Current Affairs - Economy - Discussion

India’s trade with Africa reached a historic milestone of over USD 100 billion in 2024–25, reflecting deepening economic and strategic ties between the two regions. This achievement nearly doubles the USD 56 billion recorded in 2019–20, underscoring rapid growth in commerce and investment. India has invested more than USD 75 billion in Africa since 1996, positioning itself among the continent’s top five investors. Beyond trade, India has extended concessional loans, grant aid, and thousands of scholarships to African students. These efforts, coupled with collaboration in renewable energy and disaster resilient infrastructure, showcase a strong and expanding partnership rooted in mutual development.