Overview

• Commerce Minister Piyush Goyal announced the target at the CII India–Africa Business Conclave in New Delhi.
• Two-way trade stands at about $82 billion in 2024–25, with Indian exports near $42 billion and imports around $40 billion.
• Priority areas include automobiles, critical minerals, agriculture, renewable energy, healthcare, technology, and manufacturing.
• India is seeking to expand vehicle and dairy exports while increasing imports of rough diamonds, gold, petroleum products, pulses, cobalt, and copper.
• The proposal includes exploring UPI for cross-border payments and coordinating common positions with African partners at the WTO.