India's Rising Presence in Latin America
India's Rising Presence in Latin America
A decade of quiet investment in Latin America has helped India emerge as an economic force in the region.
Until recently, China's $264 billion trade with Latin America has dominated the attention of the region’s policymakers, analysts and media. Now, as the Asian giant’s economy slows, opportunity is opening up for a new player on the region’s doorstep: India.
The Indian subcontinent, whose one-billion-plus population is expected to surge past China’s by 2025, has so far been a comparatively quiet presence in the Americas; its $50 billion trade with Latin America and the Caribbean (LAC) amounts to less than a quarter of its northern neighbor’s. But in the past decade, Indian businesses...
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