Intro (Micro Notes Format):
Africa, rich in natural resources (oil, gas, minerals), is witnessing growing global economic interest. India sees Africa as a strategic economic partner to ensure energy security, resource access, and mutual development.
India’s Economic Engagement with Africa:
- Resource Security:
- India imports crude oil from Nigeria, Angola.
- Invests in mining (copper, phosphates) in Zambia, South Africa.
- Trade & Investment:
- India-Africa trade crossed $90 billion (2021).
- Major Indian companies (ONGC Videsh, Bharti Airtel, Vedanta) operate in Africa.
- Lines of Credit via EXIM Bank for infrastructure projects.
- Development Partnership:
- Focus on capacity building, IT, education, health.
- India-Africa Forum Summits to deepen cooperation.
- Soft Power & Diaspora:
- Strong Indian diaspora in East and Southern Africa.
- Cultural diplomacy and historical ties aid relations.
Conclusion:
India views Africa as a mutual growth partner, emphasizing South-South cooperation, sustainable development, and inclusive economic integration.
