India's Regional Financial Influence
Analysis of India's growing economic influence in South Asia through currency lending and financial arrangements with neighboring countries. Sri Lanka, Bhutan, and Maldives are increasingly borrowing in Indian rupees rather than dollars.
India's basically that friend who keeps lending you money so you "have to" hang out with them more—except it's geopolitical and the currency is rupees. Sri Lanka, Bhutan, Maldives: welcome to the world's most wholesome financial hostage situation, brought to you by the guy who definitely keeps a spreadsheet of who owes him what.
#SriLanka, #Bhutan, the #Maldives — #India's neighbours are increasingly borrowing in rupees, not dollars. It's a quiet but deliberate bid to make the region's financial architecture India-centred: @gs_aditya & Madhav Raman https://t.co/7lVSuD0TLd #SouthAsia