Question
India–Africa bilateral trade in 2024–25 crossed
which level, compared with what value in 2019–20?Solution
The figures state that **India–Africa bilateral trade crossed $100 billion in 2024–25, up from $56 billion in 2019–20—essentially doubling in five years. The broader engagement includes India’s cumulative investments of over $75 billion (1996–2024), $12 billion in concessional loans, $700 million in grant assistance, and 50,000 scholarships (of which 42,000 have been utilized) for African youth. The 2024 theme is “Co-creating a Shared Future.”
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In terms of economics, scarcity arises due to
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