India’s trade with Africa reached a historic $100 billion during the 2024–25 financial year, marking the strongest performance ever recorded. The announcement was made by Minister of State for External Affairs Kirti Vardhan Singh at the India-Africa Business Conclave in New Delhi.
The achievement reflects a rapid rise from $56 billion in 2019–20, underscoring the fast-growing economic ties between the two regions.
Beyond trade, India has deepened its partnership with Africa through over $12 billion in concessional loans, $700 million in grants, and the offer of 50,000 scholarships, of which more than 42,000 have been used. Between 1996 and 2024, India’s total investments in Africa reached $75 billion, positioning it among the continent’s top five investors.
Minister Singh emphasized that the India-Africa relationship has evolved into a strategic partnership, moving beyond transactions to long-term collaboration. He highlighted Africa’s importance in India’s foreign policy and recalled India’s role in securing permanent G20 membership for the African Union during its presidency.
“India and Africa are now co-creating a shared future,” Singh said, reaffirming New Delhi’s commitment to strengthening ties with the continent.
