India-Africa trade surpasses USD 100 billion in FY 2024-25

By Admin

28 Aug, 2025

India and Africa have marked a historic milestone in their economic journey, as bilateral trade crossed the USD 100 billion mark in the financial year 2024-25. The announcement was made by Union Minister Kirti Vardhan Singh at the inaugural session of the 20th CII India-Africa Business Conclave in New Delhi. This achievement highlights the growing synergy between two regions that share deep historical, cultural, and economic ties.

India: A Key Investor in Africa

India has steadily strengthened its economic presence in Africa. From 1996 to 2024, cumulative Indian investments in the continent have exceeded USD 75 billion, making India one of the top five largest investors in Africa. Trade volumes have surged dramatically in recent years, rising from USD 56 billion in 2019-20 to over USD 100 billion in 2024-25.

Development Assistance and Scholarships

Beyond trade, India has extended strong developmental support to Africa. Over USD 12 billion has been provided as concessional loans, while USD 700 million has been granted for projects across the continent. Furthermore, India has offered 50,000 scholarships for African youth, of which more than 42,000 have already been utilised, empowering the next generation of leaders and professionals.

Co-Creating a Shared Future

The theme of this year’s conclave reflects a transformative vision moving from project and growth partnerships to “Co-creating a Shared Future.” This spirit of collaboration highlights the long-term commitment to joint progress and prosperity, underscoring the sentiment behind India-Africa relations.

Strategic Cooperation in Global Platforms

Africa continues to play a pivotal role in India’s foreign policy. India strongly supported the African Union’s permanent membership in the G20 during its presidency, ensuring that Africa’s voice is heard at the global high table. This landmark decision reaffirmed India’s commitment to inclusive global governance.

Humanitarian Support and Climate Initiatives

India has consistently stood by Africa in times of crisis, extending humanitarian aid during natural disasters in Mozambique, Madagascar, Mauritius, and other nations. Singh also invited African countries to join the Coalition for Disaster Resilient Infrastructure (CDRI) and the International Solar Alliance (ISA), both initiatives that can help build resilience and accelerate clean energy cooperation.

A Partnership Built on Trust

As Minister Singh highlighted, India and Africa are shaping a strong partnership based on mutual trust, shared aspirations, and collaborative efforts. With trade flourishing, investments rising, and development partnerships expanding, the India-Africa relationship is set to enter a new era of deeper cooperation and shared prosperity.