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India-Africa Trade: Current Trends and Policy

Priyadarshi Dash

Journal of Studies in Dynamics and Change (JSDC), ISSN: 2348-7038, 2014, vol. 1, issue 7, pages 268-279.

Abstract: India-Africa trade has gathered pace over the past few years characterized by a remarkable rise in Africa’s exports to India. Interestingly, India’s exports and imports of products belonging to minority sectors (low share in total exports) exhibit dramatic growth in the recent years than the products in majority sectors (high share in total exports). Broadly, India’s trade basket is heavily dominated by mineral products with very little diversification in the recent past. Along with tariff liberalization, India is lowering different forms of non-tariff barriers (NTBs) which would pave the way for higher trade between India and African economies and help the country withstand the Chinese competition in the African markets.

Keywords: International Economics; trade theory; foreign trade; India -Africa Trade Relations (search for similar items in EconPapers)
JEL-codes: F14 P33 P45 (search for similar items in EconPapers)
Date: 2014
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Journal of Studies in Dynamics and Change (JSDC), ISSN: 2348-7038 is currently edited by Dr. Siba Sankar Mohanty

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