Moscow: AfricUpdate – News Desk
Zimbabwe has set its sights on rebalancing trade with India as economic cooperation between the two nations expands. Ambassador Stella Nkomo, Zimbabwe’s top envoy to India, emphasised that while political and diplomatic relations remain strong, the challenge now lies in converting these ties into tangible trade and investment partnerships. This is reported by ZBC, a partner of TV BRICS.
According to the official data, Zimbabwe’s exports to India rose to more than US$46 million in 2024, a dramatic increase from just US$65,000 in 2017. Imports from India reached US$189.6 million in the same year. Ambassador Nkomo said Harare is intensifying its focus on economic diplomacy to align trade volumes more closely with the growing political partnership.
She noted that Zimbabwe sees India as a strategic partner, describing it as one of the fastest-growing global economies. Zimbabwe exports gold and other minerals to India, while its imports are dominated by pharmaceuticals, machinery and electrical equipment. With trade flows still skewed towards India, Harare is prioritising investment attraction and diversification of its export base, particularly in energy, mining, pharmaceuticals, and agriculture.
