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India Allocates ₹600 Crore for Maldives in Budget
India has increased its budget allocation for the Maldives to ₹600 crore, reinforcing its commitment to the island nation despite recent political tensions. The move comes after diplomatic shifts following the election of Maldivian President Mohamed Muizzu, who had earlier called for the withdrawal of Indian military personnel.
Strengthening Bilateral Relations
The budget increase underlines India’s strategic commitment to the Maldives, which remains a key part of its “Neighbourhood First” policy. The financial support will be directed towards infrastructure, health, and education projects, aimed at strengthening bilateral cooperation and regional stability.
This decision follows the Maldivian government’s recent efforts to repair ties with India, including reassurances of continued collaboration despite earlier diplomatic strains. The funding increase reflects India’s long-term vision of maintaining strong regional partnerships.
Diplomatic Recalibration
India’s enhanced financial assistance signals its willingness to support the Maldives while managing evolving diplomatic dynamics. The relationship between the two countries has experienced fluctuations in recent months, but this budgetary boost indicates India’s commitment to sustaining positive engagement.
The Maldivian leadership has also taken steps to reassure India of its strategic importance, recognizing its role as a major development partner. The move is expected to further solidify diplomatic ties and foster economic cooperation between the two nations.
