Nearly half of China’s investments in India’s neighbourhood went to Pakistan

The Indian side provided currency swap facilities of $400 million each to Sri Lanka and the Maldives to bolster economic revival. India also provided a soft loan of $250 million to the Maldives as budgetary support.

India provided support for a slew of connectivity and cross-border development projects and extended currency swaps and financial support in the region spanning from Bangladesh to the Maldives, even as China invested more than $4 billion in the neighbourhood this year. China’s investments and contracts remain cloaked in opacity, with virtually no official figures available, though reliable estimates showed $1.93 billion, or almost half of its investments and construction contracts in India’s neighbourhood, had gone to its traditional ally Pakistan.