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India’s Merchandise Trade Integration with Africa: Regional Level Analysis
(Rabindra Bharati University Journal of Economics, 2023) Karnik, Neha
The paper tries to examines India’s merchandise bilateral trade with all 55 African countries in the continent at HS-06-digit level during 2011 to 2020. To inspect its composition, the study grouped 55 countries in five sub-regions viz; East Africa, West Africa, South Africa, North Africa and Central Africa. The Study finds India’s merchandise trade with all African regions showcased sluggish growth during the studied period. India is experiencing a decent in exports to its dominant and traditional destination markets from the region. East Africa is the only sub-region which depicts India’s positive merchandise trade balance from the region. There is a high concentration at HS-06 level in the bilateral merchandise trade basket to and from India. Over the period of time, there has been change in the composition of the export basket of India. The study inferred that India’s partnership with most of the African countries is climbing up in building the global value chain to consumer and capital goods. To reap the benefits from the establishment of African Free Trade Area India needs more concrete trade policy initiatives and strong high level strategic dialogues as most of the countries in the region are landlocked.