India’s move to help its beleaguered neighbour comes at a time when China is actively seeking to expand its influence in the region
Jaishankar reached out to Sri Lankan counterpart Rajapaksa as Colombo grapples with the worst economic crisis it has seen since independence in 1948
Sri Lanka has sought financial assistance from India to cope with the worst economic crisis it has seen since independence in 1948
India has helped Sri Lanka dodge a $104 million Chinese debt trap. This is an important development that reflects the growing partnership between the two countries and their commitment to a free and open Indo-Pacific region.
India's move to help its beleaguered neighbour comes at a time when China is actively seeking to expand its influence in the region. China has been providing loans to Sri Lanka for a number of years, and these loans have been used to fund a number of infrastructure projects.
However, Sri Lanka has been struggling to repay its debts to China, and this has led to concerns that China could use its economic leverage to gain political influence in the country.
India's assistance to Sri Lanka will help the country to avoid a debt trap and maintain its independence. This is a significant victory for India, and it will help to strengthen the relationship between the two countries.
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