look news india
A new turn is being seen in the political equations of India's neighbouring country Maldives. Maldives President Moizzo, who was known for his anti-India stance at the beginning of his tenure, is now seen extending a hand of friendship towards India. The effect of India's diplomacy is being seen.
This change is reflected in Moizzu's latest move. Moizzu, who vowed to eliminate Indian influence upon taking power, is now praising India. Indian Dornier air ambulances have resumed caring for patients in the Maldives after Moizzu accused Indian planes and helicopters of spying on the Maldives. Moizzu has given approval for this, which is a sign of improvement in relations between the two countries. The main reason for the change in Maldives' stance is the big blow to the tourism industry there.
Maldives could fall into China's debt trap: IMF
Borrowing from China has become a matter of concern for Maldives. The IMF has warned that Maldives can get caught in China's debt trap. Maldives, which has taken indiscriminate loans from China, does not have the capacity to repay it and due to this the position of the Moizzu government is getting weak. Maldives has proposed to sign a free trade agreement with India. Under this proposal, there will be no tax on Maldives products in India.
