AFRICAN PRIORITIES OF INDIA'S GLOBAL ECONOMIC AMBITIONS

Keywords: India, China, area, policy, leadership, cooperation, investment, lending

Abstract

The article reveals the process of formation of alternative centers of global power. It is noted that in the conditions when the post-war hepolitical and geo-economic reality loses its relevance and is changed, some regional countries, despite the limitations and risks, are gradually turning into active global players. Traditionally, this status was held by the USA and the European Union. Demonstrating that today China, Brazil, South Africa, India, etc. are taking over it. The role of India as a country-civilization, which, possessing a number of leadership ambitions, is not satisfied with the status of a regional state and gradually broadcasts its own geo-economic influence on other continents, in particular on Arfika, is defined. The possibilities of India's competitive presence on the African continent are analyzed, especially in the context of existing and hidden conflicts with China, which currently occupies a monopoly position on the continent. It is noted that this is achieved by powerful and large-scale government support, significant investment potential and the technological status of the Chinese corporate sector. The potential areas and fields of India's cooperation with African countries are identified, the profitability and prospects of projects in the field of infrastructure construction, oil refining, and the mining industry are indicated. The main motives and historical prerequisites for interaction between India and the countries of the continent are highlighted. At the same time, it was noted that, unlike China, India has a historical experience of presence in South-East Africa, its business culture is maximally adapted to the conditions of the Mitzvah, and Hindus have gained respect and trust in the African business environment. It is noted that if China is trying to cover the entire African continent with its own geo-economic influence, then India today mainly focuses on targeted financing and crediting of individual countries, in most cases those that have already had experience of cooperation with this country or are familiar with its civilizational features. That is why, despite the insignificant volumes of investment and project construction compared to China, in the medium and long term, India can quite naturally count on strategic success in Africa.

References

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Published
2024-04-30
How to Cite
Kalchenko, T., Oliinyk, V., & Fursova, O. (2024). AFRICAN PRIORITIES OF INDIA’S GLOBAL ECONOMIC AMBITIONS. Entrepreneurship and Innovation, (31), 79-82. https://doi.org/10.32782/2415-3583/31.13
Section
International Economic Relations