Trade between Africa and India has increased more than eight-fold from USD 7.2 billion in 2001 to USD 59.9 billion in 2017, accounting for over 8 per cent of India's total trade, reveals a study which has pegged trade between the two countries could double by the year 2021."Trade between Africa and India has increased more than eight-fold from US dollar 7.2 billion in 2001 to US dollar 59.9 billion in 2017 making India Africa's fourth-largest national trading partner, accounting for more than 6.4 per cent of total African trade in 2017, up from 2.7 per cent in 2001. Trade with Africa now accounts for just over 8 per cent of India's total trade, but this is only marginally higher than the 7.6 per cent in 2001," claims the study.The joint study "Deepening South-South Collaboration: An Analysis of Africa and India's Trade and Investment" was conducted by African Export-Import Bank (Afreximbank) and the Export-Import Bank of India (Exim India).It attributes the surge in bilateral trade to
