| Introduction: Give a brief context to the question Body: Significance of increased budgetary allocation to neighbouring nations Conclusion: Way forward |
India’s recent increase in budgetary allocations to Maldives, Bhutan, and Nepal carries significant strategic implications, aligning closely with its foreign policy objectives in the region.
Significance
- Enhancing regional influence: India aims to build goodwill and counter the growing Chinese presence in South Asia. Increased aid strengthens ties, promoting regional stability and deterring external actors.
- Securing strategic interests: Investments in infrastructure projects like the Chabahar port in Iran and the Greater Malé Connectivity Project in Maldives bolster India’s economic and security interests.
- Promoting soft power: Cultural and development projects foster positive perceptions of India, contributing to a more favourable regional environment.
Alignment with Foreign Policy
- Neighbourhood First Policy: Prioritizes regional cooperation and development, reflected in increased aid.
- Act East Policy: Aims to deepen ties with Southeast Asia; support for Maldives strategically connects India to the region.
- Balancing China: Countering China’s Belt and Road Initiative through Alternative Development Partnerships.
- Maldives: Increased allocation reflects India’s strategic interest in the Indian Ocean and countering Chinese influence. Infrastructure projects like GMCP strengthen connectivity and economic ties.
- Bhutan: Strong historical and cultural ties; aid facilitates hydropower development, benefiting both countries.
- Nepal: Continued support aims to address development challenges and maintain cordial relations, crucial for border security.
Conclusion
India’s increased budgetary allocations to Maldives, Bhutan, and Nepal serve as strategic tools to reinforce regional stability, counterbalance external influences, and strengthen diplomatic ties. These financial commitments align with India’s foreign policy objectives of securing its maritime interests, maintaining regional balance, and fostering economic and security cooperation in its immediate neighbourhood.
