India’s trade with Africa has soared to over USD 100 billion in the 2024-25 fiscal year, marking a significant milestone in bilateral relations, Union Minister Kirti Vardhan Singh announced at the 20th CII India-Africa Business Conclave in New Delhi on August 27, 2025. Highlighting India’s growing economic footprint, Singh revealed that India has solidified its position as one of the top five investors in Africa, with cumulative investments exceeding USD 75 billion from 1996 to 2024.

Speaking at the conclave, themed “Co-creating a Shared Future,” Singh emphasized the deepening partnership between India and Africa. He noted that India has extended over USD 12 billion in concessional loans and USD 700 million in grants for African projects, alongside offering 50,000 scholarships, with 42,000 already utilized by African youth. “This remarkable journey reflects mutual trust and collaborative efforts,” Singh said, underscoring India’s commitment to Africa’s development.

The minister highlighted India’s role in elevating Africa’s global presence, recalling the African Union’s permanent G20 membership during India’s presidency. “We ensured Africa’s rightful place at the global high table,” he stated. Singh also invited African nations to join initiatives like the Coalition for Disaster Resilient Infrastructure and the International Solar Alliance to enhance cooperation in climate resilience and clean energy.

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India’s support extends beyond trade, with relief operations in countries like Mozambique and Madagascar during crises. From a trade volume of USD 56 billion in 2019-20, the leap to USD 100 billion underscores the potential for further growth in sectors like agriculture, pharmaceuticals, and renewable energy, fostering a shared future built on mutual prosperity.

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