♤ In 2014-15

o Bilateral trade India-Africa 70 billion

o China 200 billion

o US 100 billion

♤ Total trade between India and Africa increased almost five-fold between 2005-06 and 2015-16, and stood at US$ 52 billion in March 2016-17. India’s exports to Africa increased from US$ 14 billion in 2007-08 to US$ 23 billion in 2016-17, registering an impressive compound annual growth rate of 5.6 per cent. Indian exports to Africa were at a peak in 2014-15 at US$ 32 billion.

♤ Indian imports from Africa, on the other hand, increased from US$ 20 billion in 2007-08 to US$ 28 billion in 2016-17 accounting for 7.5 percent of total Indian imports. Indian imports from Africa grew at a compound annual growth rate of around 4 per cent, reaching a high in 2011-12 at US$ 44 billion.

♤ Statistics cited in the African Economic Outlook 2017 show that India is ranked second (after China) in terms of trade share with Africa.

♤ Africa exports Raw materials, India exports- Pharmaceutical, Mid and high-tech manufactured products, Automobiles.