This is an archive article published on October 25, 2015

Seize the moment

That image can be further enhanced through India offering assistance for capacity-building and training, and expanding its scholarship programmes for African students in India.

3 min readOct 25, 2015 11:24 PM IST First published on: Oct 25, 2015 at 11:24 PM IST

New Delhi will host the third India-Africa Forum Summit over the next four days. It is one of the largest gatherings of African countries outside Africa – all 54 nations of the continent will be represented — and provides an opportunity for India to forge a constructive and deeper alliance with the resource-rich continent. For the most part, India has lagged behind China, which has aggressively used foreign policy, seamlessly aligned to its economic security interests, to build infrastructure and sew up vital supply contracts. The current deceleration in the Chinese economy provides India an opening to gain a better footing.

The fall in commodity prices, making it less of a seller’s market, strengthens India’s leveraging position. But there is an inherent complementarity of interests: African countries have, for long, suffered from the so-called resource curse, wherein countries fail to use their mineral wealth to boost economic well-being. India’s lack of mineral resources, on the other hand, comes in the way of its high-growth ambitions. But it can provide a market for African resources, which can compensate for reduced Chinese demand.

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