India’s Lending to the World are Rising

In this article, we'll be discussing how India's loans to the world are increasing.It's fascinating to see how India's lending to countries around the world has been on the rise.

Official records have shown that India's loans, especially in Africa, have been increasing as a part of their economic diplomacy efforts to counter China's influence.

What sets India's approach apart is that these loans are not aimed at trapping countries for their own benefit, unlike Chinese loans.

India is providing loans at a very low interest rates, focusing on completing projects that improve the lives of people in the recipient countries. This approach strengthens the relations between nations and promotes mutual growth.

Now, let's delve into the specific amounts India has lent to countries in Asia and Africa. It's worth noting that China provided $40.5 billion in loans to distressed countries in 2021.

In comparison, India has lent $32 billion over the past 10 years. The majority of Indian loans, approximately $17.1 billion, have been directed towards Asian countries, while Africa stands as the second-largest recipient with around $12 billion.

With Africa being home to 54 countries, it's remarkable that loans have been distributed to approximately 40 of them.

As India is an Asian country, it's natural for them to lend to neighboring Asian countries facing distress. However, India's increasing focus on lending to African countries is seen as a strategic move to counter China's influence in the region.

While India may not have the same financial resources as China, its strategy for distributing loans is commendable. Indian loans are utilized to initiate projects that directly impact the lives of people in recipient countries. They contribute to the development of infrastructure such as metro stations, electricity power plants, and water supply systems.

Furthermore, India provides $51 billion in concessions to African countries, particularly in sectors such as pharmaceuticals, agriculture, gas, and mining.

In conclusion, India's loans play a crucial role in assisting distressed countries at very low interest rates, benefiting the world as a whole. India's provision of lines of credit to these countries helps alleviate their burdens and promotes their development.