Piyush Goyal at 20th CII India–Africa Business Conclave: India and Africa should double bilateral trade by 2030
Commerce Minister Piyush Goyal said at the valedictory session of the 20th CII India–Africa Business Conclave in New Delhi on 29 August 2025 that India and Africa must work to double bilateral trade by 2030.
Summary
Union Commerce and Industry Minister Piyush Goyal, speaking at the valedictory session of the 20th CII India–Africa Business Conclave in New Delhi on 29 August 2025, said India and Africa must work to double bilateral trade by 2030. He said trade is already fairly balanced, with India's exports at USD 42.7 billion and imports at USD 40 billion, and urged a move from raw-material exports to value-added production. He named agriculture, food security, healthcare, critical minerals, renewable energy, services and affordable mobility as areas of complementarity.
Key facts
- Event
- 20th CII India–Africa Business Conclave, New Delhi
- Date
- 29 Aug 2025 (valedictory session)
- Goal
- Double India–Africa trade by 2030
- India's exports to Africa
- USD 42.7 billion
- India's imports from Africa
- USD 40 billion
- Focus areas
- Agriculture, healthcare, critical minerals, renewable energy, mobility
Practice MCQs 2 questions
At the 20th CII India–Africa Business Conclave (29 August 2025), Piyush Goyal said India and Africa must work to double bilateral trade by:
Show answer
Correct answer: B — 2030
The Minister said India and Africa must work to double bilateral trade by 2030.
Consider the following statements based on Piyush Goyal's address at the 20th CII India–Africa Business Conclave: 1. India's exports to Africa are about USD 42.7 billion. 2. India runs a trade deficit of more than USD 20 billion with Africa. Which of the above is/are correct?
Show answer
Correct answer: A — 1 only
Statement 1 is correct. Statement 2 is wrong: trade is fairly balanced, with exports of USD 42.7 billion and imports of USD 40 billion.