India's timely response during the economic crises in Sri Lanka and the Maldives reflects its "Neighbourhood First" policy in action. Examine how Indian aid has impacted bilateral ties with these nations. What steps can further be taken to promote sustainable economic cooperation in the Indian Ocean region? (Answer in 250 words)
Introduction
16 words
Main Body
Sri Lanka → Economic crisis due to debt default
India providing assistance and line of credit
Maldives → Maldive facing economic losses
currency swap agreement with RBI
influx of capital for assistance
Bilateral ties with neighbour
1. India as a security provider in the region.
2. Role of Digital Public Infrastructure
3. Promote Global South interest
4. Military ties → India giving Dhruva Helicopter and Dornier aircraft to Maldives
5. Promoting hydrographical research in Indian ocean
Sustainable economic cooperation
1. SAGAR (Security and Growth of All in the Region)
2. Counter Chinese influence
Such as Peel of String Strategy.
— Ujjwal Priyank · AIR 10
Conclusion
13 words
Diagram
Flowchart showing Sri Lanka and Maldives economic crisis causes and India's response
Open original scan
Page 50
Ujjwal Priyank
India and its Neighborhood - Relations
India-Maldives Relations
Neighbourhood First Policy - Sri Lanka and Maldives Economic Crisis
131
Total words
3
Paragraphs
analytical
Tone