Dar es Salaam, May 27 -- DAR ES SALAAM: INDIA-Tanzania bilateral trade has soared to 7.9 billion US dollars in the 2023/2024 financial year, marking a 22 per cent growth over the previous year.

This growth has elevated Tanzania to the position of Indias second-largest trade partner in Africa, up from the third position last year.

This was revealed by the Indian High Commission Charge dAffaires, Mr Manoj Verma recently in Dar es Salaam.

Mr Verma said the latest trade statistics reveal not only an increase in the volume of bilateral trade but also an improvement in the trade balance.

“Tanzanian exports to India have surged by 29.5per cent, reaching 3.29 billion US dollars, thereby making India the largest export destination for Ta...