India became a member of the African Development Bank in 1983, but it took another 30 years to move the partnership forward. This slow pace is emblematic of India’s African engagement. Though the fifth-biggest investor, India accounts for $54 billion, or 19.2 per cent, of Africa’s foreign direct investment. Increasing its investment and presence in Africa will require India to improve the pace of decision-making. To this end, India needs to align its efforts with Africa’s goal to diversify away from natural resource dependence.

Source: Economic Times May 24, 2017 19:05 UTC