The 2nd Africa-India Forum Summit which was held in Addis Ababa, Ethiopia in May 2011 set the stage for dynamic and vigorous engagement between India and Africa. In 2010, bilateral trade stood at US$46 billion; this is expected to reach US$70 billion by 2015. The resilience exhibited by the African and Indian economies during the recent financial crisis has strengthened the belief that this partnership holds great promise for the future. Africa’s economy has expanded by 4.7% in 2010 and is expected to grow at more than 5% in the coming years. The Indian economy, on the other hand, grew at 8.6% in 2010-11 and is projected to grow at 8.2% in 2011-12.

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