{"id":26707,"date":"2024-02-12T07:50:03","date_gmt":"2024-02-12T07:50:03","guid":{"rendered":"https:\/\/edukemy.com\/blog\/?p=26707"},"modified":"2024-02-12T07:50:05","modified_gmt":"2024-02-12T07:50:05","slug":"how-does-india-see-its-place-in-the-economic-space-of-rising-natural-resource-rich-africa-10-marks-150-words","status":"publish","type":"post","link":"https:\/\/edukemy.com\/blog\/how-does-india-see-its-place-in-the-economic-space-of-rising-natural-resource-rich-africa-10-marks-150-words\/","title":{"rendered":"How does India see its place in the economic space of rising natural resource-rich Africa? (10 marks, 150 words)"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/edukemy.com\/upsc\/upsc-gs-advance-and-mentorship-program-ampcsat?utm_source=Blog&amp;utm_medium=Link&amp;utm_campaign=GS+Advanced\" target=\"_blank\" rel=\"noreferrer noopener\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1280\" height=\"300\" src=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/07\/Attempt-our-Daily-Weekly-Current-Affairs-Quiz-now-8.png\" alt=\"\" class=\"wp-image-43397\" srcset=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/07\/Attempt-our-Daily-Weekly-Current-Affairs-Quiz-now-8.png 1280w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/07\/Attempt-our-Daily-Weekly-Current-Affairs-Quiz-now-8-1170x274.png 1170w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/07\/Attempt-our-Daily-Weekly-Current-Affairs-Quiz-now-8-585x137.png 585w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/a><\/figure><\/div>\n\n\n<p>India&#8217;s perspective on its position within the burgeoning economic landscape of resource-rich Africa is multifaceted and strategic. As one of the world&#8217;s fastest-growing economies, India recognizes the immense potential of Africa&#8217;s abundant natural resources to fuel its own development trajectory. With a history of bilateral trade and diplomatic ties with numerous African nations, India views itself as a partner in Africa&#8217;s economic ascent rather than a competitor to traditional Western powers. Leveraging its historical ties, India aims to foster mutually beneficial trade relationships, technology transfers, and infrastructure development projects across the African continent. Moreover, India&#8217;s engagement with Africa is underpinned by a desire to counterbalance China&#8217;s growing influence in the region. Through collaborative efforts and investments, India seeks to enhance its geopolitical standing while contributing to Africa&#8217;s sustainable development and economic prosperity.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Tag: <\/strong>Distribution of key natural resources across the world (including South Asia and the Indian sub-continent).\u00a0\u00a0<\/p><\/blockquote>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<label for=\"ez-toc-cssicon-toggle-item-69d2f48721eec\" class=\"ez-toc-cssicon-toggle-label\"><p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d2f48721eec\"  \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edukemy.com\/blog\/how-does-india-see-its-place-in-the-economic-space-of-rising-natural-resource-rich-africa-10-marks-150-words\/#Decoding_the_Question\" title=\"Decoding the Question:&nbsp;&nbsp;\">Decoding the Question:&nbsp;&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edukemy.com\/blog\/how-does-india-see-its-place-in-the-economic-space-of-rising-natural-resource-rich-africa-10-marks-150-words\/#Answer\" title=\"Answer:&nbsp;&nbsp;&nbsp;\">Answer:&nbsp;&nbsp;&nbsp;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edukemy.com\/blog\/how-does-india-see-its-place-in-the-economic-space-of-rising-natural-resource-rich-africa-10-marks-150-words\/#Indias_place_in_the_economic_space_of_rising_natural_resource_rich_Africa\" title=\"India\u2019s place in the economic space of rising natural resource rich Africa:&nbsp;&nbsp;\">India\u2019s place in the economic space of rising natural resource rich Africa:&nbsp;&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edukemy.com\/blog\/how-does-india-see-its-place-in-the-economic-space-of-rising-natural-resource-rich-africa-10-marks-150-words\/#Steps_taken_by_India\" title=\"Steps taken by India:&nbsp;\">Steps taken by India:&nbsp;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edukemy.com\/blog\/how-does-india-see-its-place-in-the-economic-space-of-rising-natural-resource-rich-africa-10-marks-150-words\/#In_case_you_still_have_your_doubts_contact_us_on_9811333901\" title=\"In case you still have your doubts, contact us on 9811333901.&nbsp;\">In case you still have your doubts, contact us on 9811333901.&nbsp;<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edukemy.com\/blog\/how-does-india-see-its-place-in-the-economic-space-of-rising-natural-resource-rich-africa-10-marks-150-words\/#Visit_our_YouTube_Channel_%E2%80%93_here\" title=\"Visit our YouTube Channel &#8211;&nbsp;here\">Visit our YouTube Channel &#8211;&nbsp;here<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Decoding_the_Question\"><\/span><strong>Decoding the Question:<\/strong>&nbsp;&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>In the Introduction, briefly write about the India-Africa ties that are inextricably connected by their shared colonial pasts and geographic, political, and socio-cultural commonalities.\u00a0\u00a0<\/strong><\/li><li><strong>In Body, elaborate India\u2019s place in the economic space of rising natural resource-rich Africa.<\/strong>\u00a0\u00a0<\/li><li><strong>Conclusion with a holistic and long-term approach to energy supply and security is required for both Nations.\u00a0<\/strong>\u00a0\u00a0<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Answer\"><\/span><strong>Answer:&nbsp;<\/strong>&nbsp;&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The African Union is India&#8217;s fourth largest trading partner after the United States, China, and the United Arab Emirates, a position propped up by diversification in Indian exports to the continent.A partnership between a billion-person nation with rising resource demand and an underdeveloped continent rich in natural resources would benefit all parties. This is the fundamental premise of African-Indian relations.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Indias_place_in_the_economic_space_of_rising_natural_resource_rich_Africa\"><\/span><strong>India\u2019s place in the economic space of rising natural resource rich Africa:<\/strong>&nbsp;&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Africa plays an <strong>increasingly important role in the international hydrocarbon markets.<\/strong> More than half of the recent oil discoveries have been in Africa, which accounts today for about 10% of the world\u2019s oil reserves.\u00a0\u00a0\u00a0<\/li><li>India is now the fastest growing <strong>major importer of oil and natural gas in the world<\/strong>. It also continues to be a <strong>major importer of coal from Africa<\/strong>.\u00a0\u00a0\u00a0<\/li><li>There are also a number of other primary commodities for which India is a major consumer, such as <strong>phosphates that are imported<\/strong> from Africa.\u00a0\u00a0\u00a0<\/li><li><strong>Strengthening the supply links between India and Africa in the energy sector <\/strong>in both upstream and downstream should be an imperative.\u00a0\u00a0<\/li><li>\u00a0India\u2019s ties with large energy exporters like Angola and Nigeria is pertinent here.\u00a0\u00a0\u00a0<\/li><li>Energy relations are often strategic. They tend to be much easier if stronger political and strategic relations are developed in tandem. <strong>Renewable energy and niche areas like microgrids could be where India contributes to Africa\u2019s energy development<\/strong>.\u00a0\u00a0<\/li><li>Africa\u2019s <strong>renewable energy potential<\/strong> is already beginning to be translated into achievements. Electricity generation from renewable energies (solar, hydro, wind, etc.) is being developed in Africa.\u00a0\u00a0\u00a0<\/li><li>The <strong>International Solar Alliance, India\u2019s brainchild initiative<\/strong> can offer a concrete platform where India, as a major player and the host country of this international government Organization, can work together with African countries to address convergent renewable energy priorities.\u00a0\u00a0<\/li><li>Africa is still mainly rural. The combination of <strong>off-grid renewable solutions and mini-grids<\/strong> can prove to be <strong>the most cost-effective in bringing customized energy supply solutions <\/strong>to diverse economies and territories with low population densities.\u00a0\u00a0\u00a0<\/li><li>The <strong>development of mini-grids in India, fueled by renewable energy, has been successful<\/strong>. This experience of India, and similar other innovations, <strong>could apply to some regions in sub-Saharan Africa.<\/strong>\u00a0\u00a0<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Steps_taken_by_India\"><\/span><strong>Steps taken by India:<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>India and Mauritius signed the Comprehensive Economic Cooperation and Partnership Agreement (CECPA)\u00a0<\/li><li>India Japan Asia-Africa Growth Corridor\u00a0<\/li><li>Pan Africa e-network\u00a0<\/li><li>Vaccine Maitri\u00a0<\/li><li>In 2021, African nations launched the African Continental Free Trade Area (AfCFTA) to create a single African market for the free movement of goods, services, labour, and capital, and increasing intra-African trade. AfCFTA may be able to provide Indian firms and investors with certain opportunities to tap into a larger, unified, and robust African market.\u00a0<\/li><\/ul>\n\n\n\n<p>The renewed emphasis on Africa comes as New Delhi seeks to strengthen its trade with relatively small and medium-sized economies, as key markets such as the United States and the European Union experience significant growth slowdowns. African nations will benefit greatly from this engagement as well because India&#8217;s trade and investments in the continent are not intended to lead the countries into a &#8220;debt trap,&#8221; as China has frequently been accused of doing.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/edukemy.com\/upsc\/upsc-essay?utm_source=Blog&amp;utm_medium=Banner&amp;utm_campaign=Essay\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" data-src=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/UPSC-Essay-Course-1280\u00d7300-1-3.svg\" alt=\"\" class=\"wp-image-42688 lazyload\" width=\"781\" height=\"182\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 781px; --smush-placeholder-aspect-ratio: 781\/182;\" \/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"In_case_you_still_have_your_doubts_contact_us_on_9811333901\"><\/span><strong>In case you still have your doubts, contact us on 9811333901.<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>For UPSC Prelims Resources,&nbsp;<a href=\"https:\/\/edukemy.com\/upsc-cse-prelims-resource-centre\" target=\"_blank\" rel=\"noreferrer noopener\">Click here<\/a><\/p>\n\n\n\n<p>For Daily Updates and Study Material:<\/p>\n\n\n\n<p>Join our Telegram Channel &#8211;&nbsp;<a href=\"https:\/\/t.me\/WithEdukemy4IAS\" target=\"_blank\" rel=\"noreferrer noopener\">Edukemy for IAS<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>1. Learn through Videos &#8211;&nbsp;<a href=\"https:\/\/bit.ly\/3vOD8sU\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><li>2. Be Exam Ready by Practicing Daily MCQs &#8211;&nbsp;<a href=\"https:\/\/bit.ly\/3Q9z2nF\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><li>3. Daily Newsletter &#8211; Get all your Current Affairs Covered &#8211;&nbsp;<a href=\"https:\/\/bit.ly\/3bE2y5J\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><li>4. Mains Answer Writing Practice &#8211;&nbsp;<a href=\"https:\/\/bit.ly\/3mZuVxl\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Visit_our_YouTube_Channel_%E2%80%93_here\"><\/span>Visit our YouTube Channel &#8211;&nbsp;<a href=\"https:\/\/www.youtube.com\/@ShabbirsEduKemyforIAS\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s perspective on its position within the burgeoning economic landscape of resource-rich Africa is multifaceted and strategic.<\/p>\n","protected":false},"author":17,"featured_media":26708,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1401],"tags":[186,142,1854,232,145,140],"class_list":["post-26707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-upsc-mains-solved-paper-gs-1","tag-general-studies-1","tag-previous_year_questions","tag-resource-rich-africa","tag-upsc","tag-upsc-mains-question-paper","tag-upsc_preparation_strategy"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/26707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/comments?post=26707"}],"version-history":[{"count":1,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/26707\/revisions"}],"predecessor-version":[{"id":26709,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/26707\/revisions\/26709"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/media\/26708"}],"wp:attachment":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/media?parent=26707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/categories?post=26707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/tags?post=26707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}