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…
