India’s Economic Relationship with Algeria
Economic activities have largely dominated current global affairs. All around the world, governments are engaged in creating spheres of influence that reflect their economic priorities. For most of their histories, this is also true in the case of India and Algeria. In the pre-modern era, the northern part of Africa was an important trading station between Europe and Asia. As the fastest expanding economic behemoth in the world, India has been increasingly looking towards Northern Africa and, especially to Algeria. In the last 20 years, the two countries have evolved from minimal contact to deep economic engagement. From 2000, trade and investment became the main driver of the bilateral relationship. This intense economic engagement between them was further cemented in 2009 when India became one of the largest trading partners and export destinations to Algeria. The establishment of the India Africa Forum Summit in 2008 had already taken the India-Algeria economic relations to a new level. India and Algeria Business Association has identified various trade and investment opportunities for Algerian businesses seeking to enter the Indian market.
This research paper will look at the rapid transformation of the economic relationship between India and Algeria in a remarkably short period. It will also analyze the trade relations between India and Algeria from 2000 to 2015, elaborating on economic cooperation and investment.
Pratik Kumar Singh
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