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29 October 2015,

Completely outspent by China, India is sticking to its own plan to win over Africa

Rajrishi Singhal, Senior Fellow, Geoeconomics Studies, Gateway House, was quoted by Quartz in an article titled 'Completely outspent by China, India is sticking to its own plan to win over Africa.'

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Below is the quote by Rajrishi Singhal;

“The two-way trade between India and Africa was around $72 billion in March 2015, but it is still a far cry from the target of $90 billion. But compared to 1995-96 when the trade was just $4 billion, the jump is massive,” Rajrishi Singhal, senior geoeconomics fellow at Mumbai-based think tank Gateway House, told Quartz.

“The larger message from the summit and Modi’s speech is that India’s role as a soft power, along with its enhanced monetary power, are here to stay. And we will respect their internal sovereignty and engage with them in development and progress,” Singhal added.

Click here to read the full article.