Скачать или смотреть 🇮🇳 India Is Trapping Small Countries in Debt Trap Like China 🇨🇳?

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India has extended more than 300 Lines of Credit (LOCs) to over 64 countries worldwide. These LOCs serve as flexible loans, aiding in infrastructure development, agriculture, healthcare, education, and other sectors. The total commitment under these LOCs exceeds $30 billion.

India has been a significant partner in infrastructure development in Nepal. It has completed 559 large, intermediate, and small-scale projects in Nepal, totaling more than 76 billion Nepalese Rupees. Additionally, India has gifted Nepal 692 ambulances and 136 school buses. The two countries also collaborate in army and security operations, with India providing training to the Nepalese army, while Nepal contributes Gorkha soldiers to the Indian army.

Turning to Sri Lanka, India has been instrumental in helping Sri Lanka out of its debt trap, providing a $4 billion aid package. India has also extended lines of credit for various infrastructure projects in Sri Lanka, including the repair and upgrade of the Colombo-Matara rail link. The relationship extends to cultural projects as well, with India assisting in the restoration of significant landmarks like the Angkor Wat in Cambodia and the Torana gate in Malaysia.

In Myanmar, India has been actively involved in projects like the Kaladan Multimodal Transit Transport Project and the Trilateral Highway Project, which will connect India's northeast region with Myanmar and Thailand. India's development assistance to Myanmar exceeds $1.75 billion, covering a wide range of sectors.

India has also provided significant assistance to various countries through its Indian Technical and Economic Cooperation Programme (ITEC). This initiative offers short-term training courses in areas such as engineering, agriculture, banking, healthcare, and more. With over 98 institutions participating, India has spent over $2 billion on ITEC, benefiting thousands of students globally.

India's assistance to these developing countries serves multiple purposes. Firstly, it facilitates exports of Indian goods and services. Secondly, it aligns with India's "Neighbourhood First" policy, strengthening relationships with neighboring countries and promoting regional development and stability. Thirdly, it creates trade and investment opportunities for Indian businesses. Fourthly, it serves India's strategic interests, enhancing its geopolitical influence and ensuring access to key resources. Finally, it demonstrates India's commitment to global leadership and responsible international cooperation.

Why India gives massive loans to small countries: Is India trying to help?

Why is India giving line of credit/loans to other countries when India itself is short of funds?

Why does the Indian government give loans to smaller countries?


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