Courtesy: High Commission of India, Colombo
Cyclone Ditawah has put a serious dampener on Sri Lanka’s rosy post-budget economic outlook. Sri Lanka can help itself by using available national resources, but India can help too, by partnering with multilateral development banks to manage the post-Cyclone Ditwah reconstruction implementation strategy. It can also share its experience of implementing gradual economic reforms and policy planning under Niti Ayog to support Sri Lanka’s efforts.
Courtesy: Hindustan News Hub
The earthquakes that struck Turkey and Syria on 6 February devastated those regions. India established its credentials as an early responder, along with the global community. Humanitarian aid may not lead to a significant change in regional foreign policy, but people’s goodwill has been established in Turkey and a window opened in Syria for normalisation with its Arab partners.
Courtesy: ANI
Since 1947, India has had a proud record of development cooperation. It began even though it was newly independent and itself developing, but created a camaraderie with movements in other emerging countries. Now after 75 years, its time to move toward an FDI-led model, which will particularly help reduce the rising indebtedness in the developing world.