ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Why India’s Foreign Investments in Africa’s Hydrocarbons Are Not a Good Bet

India has stepped up trade and investment in hydrocarbons in Africa, with nearly 17% of its total crude oil imports coming from Africa by 2016. This petroleum-related foreign direct investment and trade can be mutually beneficial in the short term, providing African exporters with a foreign market and helping India meet its energy needs. Such deals may become less effective economically over the medium and long term, however, given the increasing availability and cost-competitiveness of renewable energies, an array of restrictions and taxes on carbon emissions, and diminishing returns in the ratio of energy production to energy output.

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