Less to economic relations with Africa than meets the eye

The ongoing India-Africa Forum Summit in Delhi has been accompanied by a great deal of confused commentary on the nature and extent of economic relations between India and Africa. Contrary to what many seem to believe, the overwhelming majority of India’s imports from Africa are raw materials. What’s more, FDI between India and Africa is massively inflated by flows to and from Mauritius, in large part for tax benefits.

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