Reasons why Sri Lanka is hugging India and ignoring China
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Colombo: Sri Lankan President Ranil Wickremesinghe was on a visit to India. He had important talks on many issues with Prime Minister Narendra Modi on Friday. At the same time, both the leaders emphasized on increasing the overall economic and strategic cooperation. This was the first visit by a senior Sri Lankan leader to India since it was hit by an extraordinary economic crisis last year. China, which has given loans to Sri Lanka in many ways, coming to India instead of going there is considered to be an important strategic decision of Wickremesinghe.
India helped Sri Lanka
Ranil Wickremesinghe has completed one year as the President. Some people are assuming that he delayed coming to India. At the same time, some people see his visit as a major result of the influence of geopolitics. India had helped Sri Lanka on a large scale, which was trapped in the economic crisis. According to experts, India is now taking independent decisions in defense and foreign policy. It believes that it is in itself the center of power in an emerging global order and has no need to connect with other spheres of power. That’s why Wickremesinghe is giving importance to India.
China gave false assurance
Sri Lanka was given financial assistance of about four billion dollars from India. While China was only giving assurances to get Sri Lanka out of the country’s worst economic crisis so far. Apart from this, China has imposed many such projects on Sri Lanka which are not yielding any results. India not only provided financial assistance to Sri Lanka, but also guaranteed assistance in getting a $2.9 billion bailout package from the International Monetary Fund (IMF).
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Sri Lanka’s friend, not China
Such assistance sent a big political signal to the world that the true all-weather friend of Sri Lanka is not China, but India. Dollars coming from India helped end long lines for essential goods like fuel and gas and ease the looming food crisis. Sri Lanka’s government was heading towards bankruptcy when it received $4 billion help from India. If India were to help Sri Lanka secure three multi-billion dollar loans from the IMF and go ahead with the restructuring of external debt.
India helped Sri Lanka
Ranil Wickremesinghe has completed one year as the President. Some people are assuming that he delayed coming to India. At the same time, some people see his visit as a major result of the influence of geopolitics. India had helped Sri Lanka on a large scale, which was trapped in the economic crisis. According to experts, India is now taking independent decisions in defense and foreign policy. It believes that it is in itself the center of power in an emerging global order and has no need to connect with other spheres of power. That’s why Wickremesinghe is giving importance to India.
China gave false assurance
Sri Lanka was given financial assistance of about four billion dollars from India. While China was only giving assurances to get Sri Lanka out of the country’s worst economic crisis so far. Apart from this, China has imposed many such projects on Sri Lanka which are not yielding any results. India not only provided financial assistance to Sri Lanka, but also guaranteed assistance in getting a $2.9 billion bailout package from the International Monetary Fund (IMF).
Some people are spreading instability in Maldives to occupy the Indian Ocean… Foreign Minister warns China in gesturesSri Lanka’s friend, not China
Such assistance sent a big political signal to the world that the true all-weather friend of Sri Lanka is not China, but India. Dollars coming from India helped end long lines for essential goods like fuel and gas and ease the looming food crisis. Sri Lanka’s government was heading towards bankruptcy when it received $4 billion help from India. If India were to help Sri Lanka secure three multi-billion dollar loans from the IMF and go ahead with the restructuring of external debt.
75 years of relationship
According to experts, if India did not provide this help, then Sri Lanka would have been in a bad situation. Today, the First and Act East policy made for India’s neighbors is very aggressive. He is stronger than ever politically, militarily and diplomatically to enforce this and dictate terms to his neighbours. India-Sri Lanka relations are commemorating 75 years of diplomatic relations.
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