India Africa trade
- June 12, 2022
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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India Africa trade
Subject :Economy
Section : External Sector
Concept :
- The African Union is India’s fourth largest trading partner after the US, China and the UAE.
- India has a negative trade balance with Africa, implying a dominance of imports over exports. In 2019-20, India’s trade deficit with Africa was valued at $9.1 billion