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Home News Business & Finance

African Union, with 8.52% of global trade, is India’s fourth largest trading partner

admin by admin
June 11, 2022
in Business & Finance
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The African Union is India’s fourth largest trading partner after the United States, China and the United Arab Emirates, propped up by diversification in Indian exports to the continent, a senior State Bank of India official has said at a seminar here.

With a share of 8.52 per cent in global trade, India’s total trade with Africa in 2019-20 was valued at USD 68.33 billion.

India has a negative trade balance with Africa, implying a dominance…



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