News Desk
Nestled in the Indian Ocean, the Maldives faces economic challenges that test its resilience, yet India stands as a committed partner, offering vital support that is fostering growth and deepening ties. Through generous aid, strategic investments, and a shared vision for progress, India is helping the Maldives navigate its economic landscape, reinforcing a bond of friendship that strengthens South Asia’s regional cooperation.
In 2025, India increased its development assistance to the Maldives by 28%, reaching ₹600 crore, or roughly $72 million. This significant commitment, part of efforts to further strengthen bilateral relations, underscores India’s role as a reliable neighbour. The aid provides crucial support for a nation where tourism drives the economy and global fluctuations pose challenges.
In 2024, a $400 million currency swap agreement helped ease financial pressures, stabilizing the Maldivian rufiyaa and boosting trade. For local businesses, from fishing communities to small tourism enterprises, this support has opened new opportunities, enabling access to markets and resources. India’s contributions extend beyond immediate relief, focusing on sustainable development.
The Greater Malé Connectivity Project, supported by $500 million in Indian grants and loans, is transforming infrastructure by connecting the capital, Malé, with neighbouring islands through bridges and transport networks. This initiative is creating jobs and unlocking economic potential.
India’s investments also touch the daily lives of Maldivians. New Delhi has funded projects in water supply, healthcare, education, and sanitation, bringing tangible benefits to communities.
Indian-supported water treatment facilities have delivered clean drinking water to thousands, while modern schools and clinics are enhancing opportunities in remote areas. These efforts reflect a commitment to empowering Maldivians and fostering self-reliance.
This partnership is about more than economics—it’s a testament to shared values and mutual respect. By supporting the Maldives’ growth, India is strengthening regional ties and building a foundation for enduring prosperity. As both nations look to the future, India’s role as a trusted ally continues to pave the way for a stronger, more connected South Asia.
