Trade between Kenya and India is highly in favour of the latter. That being the case nonetheless, the Mission devotes a lot time and energy in the promotion of trade and investment with the view to encouraging buyers of Kenyans goods to add value instead of exporting them in role form. Furthermore, the mission has remained engaged with the Indian investors by encouraging them to consider Kenya as their choice for investment.
Key Economic Indicators
Kenya has an estimated population of 40.2 million and is projected to grow to 60 million people in 2030. It is also a very young country with almost 50% of Kenya’s population under the age of 15. The country enjoys an extensive infrastructure, an extraordinarily well-educated, English speaking, and multi-lingual population, with a strong entrepreneurial tradition. It is also the economic, commercial, and logistical hub of the entire East African region.
Kenya’s Gross Domestic Product (GDP) was estimated at about US$ 27 billion in 2007 thus placing Kenya among the five biggest economies in Sub-Saharan Africa. The economy has in the past registered high growth rates of 6.4% and 7.0% in 2006, and 2007 respectively. The projections were to grow at 10% by 2012 and sustain thereafter. This may vary as a result of the current global meltdown. The government nonetheless has taken steps to enhance Kenya’s economic competitiveness.