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Ghzlan Mahmoud Abdul Aziz
the continent enlarged from $393.3 million in 1990/91 to over $10
billion in 2006/07. For the same duration, the Indian imports from
Africa enlarged from $573 million to more than $14 billion.
The Indian exports to Africa contains mainly of; industries stuff
(49 per cent), chemicals (11 per cent) and machines and transporta-
tion tools (10 per cent) .
(20)
Indian imports from Africa, on the other hand, jumped from $
20 billion in 2007-08 to $ 28 billion in 2016-17 to achieve almost
7.5 percent of whole Indian imports. Indian imports from Africa im-
proved at a complex annual growth rate of around 4 per cent, reach-
ing in the period 2011-12 at $ 44 billion .
(21)
Total trade between the two sides during 2005-06 and 2015-16
increased almost five-fold, and stood at $ 52 billion in March 2016-
17. India’s exports to Africa improved from $ 14 billion in 2007-08
to $ 23 billion in 2016-17, accounting an impressive compound an-
nual increase rate of 5.6 per cent, and the Indian exports to Africa
were at the top in 2014-15 at $ 32 billion.
The trade amount reached $53.3 billion in 2010–11 and $62 bil-
lion in 2011–12. This marks a quick growth from a meager $3 bil-
lion in 2001. In 2011, India considered as Africa’s major trading col-
league after; China, the EU, and the US, while Africa became India’s
sixth major trading colleague following; the EU, China, UAE, US
and ASEAN . And the Indian companies have been playing a ma-
(22)
jor role in the investments field, especially in copper mining, as in
Zambia, and iron ore and milling, as in Liberia and Nigeria.
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