* India aims to increase trade volumes and investment with Africa, alongside developmental activities. African governments must support the private sector by creating favourable business environments and invest in infrastructure and trade finance: they must look at policies and institutions to improve trade.
Africa exports more to India ($43bn in 2011) than it imports ($23bn). India-Africa trade is concentrated on commodities and low-end manufacturing. India wants to push higher-end goods into African markets and is working on increasing the two-way trade, with an emphasis on more value-addition in African economies as they industrialise.
Only Nigeria, Angola, Algeria and South Africa have trade surpluses with India and account for 68.6% of total Africa-India trade. Of India's top 10 trading partners in Africa, seven export...