Abstract This paper attempts to analyse the drivers of the emerging Foreign Direct Investment (FDI) relationship between India and Africa. Using a fixed effect negative binomial model, it examines the determinants of FDI from India to 23 African countries from 2008 to 2016. The study finds that Indian FDI to Africa is a unique combination of both private sector and state driven investment. It is driven by the search for markets, and is pulled despite an adverse business environment. Indian FDI has contributed to several African countries by development of their manufacturing sector and contribution to employment, and has the potential to solve regional problems of poverty and inequality. The paper thus makes a pioneering contribution as an empirical study on OFDI from India to Africa and also to the literature on south – south FDI.

中文翻译：

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印度对非洲外国直接投资的驱动力–初步探索性分析

摘要本文试图分析印度和非洲之间新兴的外国直接投资（FDI）关系的驱动因素。使用固定效应负二项式模型，研究了2008年至2016年印度对23个非洲国家的外国直接投资的决定因素。研究发现，印度对非洲的外国直接投资是私营部门和国家驱动投资的独特组合。它是由寻找市场驱动的，尽管存在不利的商业环境，它还是被拉了下来。印度的外国直接投资通过其制造业的发展和对就业的贡献为几个非洲国家做出了贡献，并具有解决区域贫困和不平等问题的潜力。因此，本文作为对印度到非洲的OFDI以及对南南FDI文献的实证研究做出了开创性的贡献。