India Weighs Maldives' Recent Trade Moves Amidst Economic Concerns

India is closely monitoring recent trade agreements between the Maldives and other countries, including Turkey and China. These agreements may lead to revenue losses for the Maldives, raising concerns in India about the island nation's fiscal stability. India competes with China for influence in the region.


Devdiscourse News Desk | Updated: 31-01-2025 17:42 IST | Created: 31-01-2025 17:42 IST
India Weighs Maldives' Recent Trade Moves Amidst Economic Concerns
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India is assessing the implications of recent trade agreements signed by the Maldives with countries such as Turkey and China. These agreements are expected to impact the Maldives' revenue base, prompting apprehension from New Delhi about the fiscal health of the island nation.

The Indian foreign ministry has expressed concerns that these agreements could undermine the Maldives' long-term financial stability. This response came during a recent press briefing, where spokesperson Randhir Jaiswal highlighted the potential economic repercussions.

This development is part of the broader geopolitical contest between China and India, as both nations strive to expand their influence in the strategically significant Maldives.

(With inputs from agencies.)

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