India-Africa Economic Relation: Nature, Drivers and Challenges
Journal Title: International Journal of Humanities and Social Science Invention - Year 2018, Vol 7, Issue 12
Abstract
This article is a brief review made on more than 65 related articles published from 2005 to 2017 in India-Africa bilateral economic relationship with the intention of identifying the prevailing themes on the nature of the relationship, major challenges and opportunities and the drivers of the economic engagement. The analysis shows that the relationship is mutually beneficial for both actors and sustainably so due mainly to its nature of complementarities; proximity and common historic ties; capacity building and technical assistance focus; market and technology sharing. The challenges in the relationship include sustainability of natural resource trade and agricultural land grabbing by Indian firms, marginalization of small holder in agricultural research and development, lack of aid harmonization, business environment and logistic difficulties and increasing trade cost, lack of coordination of the private actors from India in Africa. On the African side, lack of clear policy and strategy for the engagement, sustainable use of natural resource, limited trade diversification and logistics, infrastructure deficiencies, weak governance and institutions and rent seeking, etc, are identified as some of the major challenges. Major drivers of the relationship include the demand for energy and market as well as role on global governance and security from India region and export access, capacity building, technology transfer, infrastructure finance and manufacturing sector development are Africa’s major motives behind the relationship.
Authors and Affiliations
Degele Ergano Done, V. Seshagiri Rao
Keywords
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