India–Africa Business Dialogue curtain raiser ahead of 4th India-Africa Forum Summit; trade at US$93.69 billion in 2025-26
On 13 May 2026 Commerce Minister Piyush Goyal held the curtain raiser for the India-Africa Business Dialogue & Exhibition, to be held alongside the 4th India-Africa Forum Summit, noting India–Africa trade of US$93.69 billion in 2025-26.
Summary
The curtain raiser for the India-Africa Business Dialogue (IABD) & Exhibition, to be held on the sidelines of the 4th India-Africa Forum Summit (IAFS-IV), took place at Bharat Mandapam, New Delhi on 13 May 2026 under Commerce and Industry Minister Piyush Goyal. Goyal said India–Africa trade reached US$93.69 billion in 2025-26, up 14.39%, with Indian exports of US$45.42 billion and imports of US$48.27 billion. He said the African Continental Free Trade Area (AfCFTA), valued at nearly US$3.4 trillion, and India's US$4 trillion economy offer large opportunities, and set out the shared ambition of doubling India–Africa trade by 2030. The Duty-Free Tariff Preference (DFTP) Scheme for Least Developed Countries was cited as one of India's trade frameworks with Africa.
Key facts
- Event
- Curtain raiser, 13 May 2026, Bharat Mandapam, New Delhi
- Summit
- 4th India-Africa Forum Summit (IAFS-IV); IABD & Exhibition on sidelines
- Trade 2025-26
- US$93.69 bn (+14.39%); exports US$45.42 bn, imports US$48.27 bn
- AfCFTA
- Valued at nearly US$3.4 trillion
- Goal
- Double India–Africa trade by 2030
Practice MCQs 2 questions
According to the Commerce Ministry (May 2026), India–Africa bilateral trade in 2025-26 stood at about:
Show answer
Correct answer: A — US$93.69 billion
Bilateral trade reached US$93.69 billion in 2025-26 (exports US$45.42 bn, imports US$48.27 bn); US$3.4 trillion is the value of AfCFTA.
Consider the following statements about India–Africa trade, as stated at the IAFS-IV business curtain raiser (May 2026): 1. In 2025-26, India's imports from Africa were higher than its exports to Africa. 2. India and Africa share the ambition of tripling bilateral trade by 2030. Which of the statements given above is/are correct?
Show answer
Correct answer: A — 1 only
Only 1 is correct: imports were US$48.27 bn against exports of US$45.42 bn. The stated ambition is doubling, not tripling, trade by 2030.