NewDelhi: Relations between India and the Maldives had been rather cool in the recent past but they seem to have warmed up again in the background of the official visit of Maldivian President Mohammed Muizzu to India. Like in the past the Maldives looks forward to India as major source of fund for which in the coming year the Indian grant is expected to be ₹875 crore , which is approximately 1.6 billion Maldivian Rufiyaa.
Every year, the Maldives has to rely on large amounts of internation aid from its friends and partners, including India. The total foreign assistance being expected from India till 2025 is about 72 percent of the total foreign aid in the Maldivian government’s 2025 budget proposal.
The Maldives 2025 budget expects large amount of Indian assistance
2025 budget was laid before the Maldivian Parliament on Thursday where it revealed an estimated MVR 2.25 billion from international grants; India to provide 1.6 billion MVR (₹875 crore), the biggest share of which will. Aadhaadu.com news outlet claims that planned Indian aid demonstrates constant attempts by both nations to improve…
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According to
Chinese aid continues to play important roles in the Maldives
India is Maldives’ largest donor, but China has also been providing aid, and is expected to donate MVR 502 million in 2025, about 22 percent of its total foreign aid. Other friendly countries such as Japan, Pakistan Saudi Arabia and Netherland also plans to render grant assist.
India has already provided a remarkable financial support to Maldives this year. India promised $400 million (around ₹3,360 crore) in financial assistance during the visit of President Muizzu last month indicating its intention to help the Maldives despite strained relations in the past.
Maintaining Equilibrium of India and China In Maldives Foreign Policy
Although President Muizzu, who is generally regarded to have good relations with China, initially came to power with an “India-out” policy that ended up manifesting itself in bilateral relations. As regards the state policy of his administration, it gave rise to certain doubts concerning the evolution of the kind of the Indian-Maldivian relations. But more recent diplomatic interactions show a change, with Muizzu hinting at the desire to deepen its relations with India in what could be a bullish of the nation’s relations with both India and China.
Analysing Maldives approach for 2025, foreign aid from India will remain highly significant to the country’s development agenda and more importantly the Indian government support represents a new dawn for the Indian Maldives relations.