$90bn Africa

Finweek English Edition - - INSIGHT -

trade with The In­ter­na­tional Mon­e­tary Fund ( IMF) fore­casts t hat si x of t he 10 high­est-grow­ing economies be­tween 2012 a nd 2 017 wil l be Africa n economies.

The value of bi­lat­eral trade be­tween In­dia and Africa jumped from $5.3bn in 2001 to $12bn in 2005 and to $63bn in 2011 – higher than In­dia’s trade with the US at $56bn. By com­par­i­son, t he tota l va l ue of bi l atera l t r ade be­tween China and SA ap­proached $60bn in 2012.

Indo-African trade is pro­jected to reach $90bn by 2015, with ma­jor pri­vate i n v e s t me n t s in the telecom­mu­ni­ca­tions, IT, en­ergy and au­to­mo­bile sec­tors. Sub- Sa­ha­ran Africa is pro­jected to grow at 5.6% and In­dia at 6.3% in the next f ive years, while SA is set to grow at less than 2%.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.