Debt Trap

Under Prime Minister Narendra Modi’s "Neighbourhood First Policy" and his security and growth for All in the region (SAGAR) project, India continues to send essential supplies to Sri Lanka and the Maldives.

The term "debt-trap diplomacy" means a creditor country extends huge sums of debts to borrowing nations to increase lenders' political leverage and to exploit geostrategic interests. It was coined by Indian columnist 'Brahma chellaney'.

The Chinese government certainly has provided a considerable push to the industrialization of Africa but now that that’s done, economic forces are moving the initiative further forward. Chinese small business is gripping the continent. Much of the western world is ignoring the prospects of the continent—ignoring that business in Africa can now be as profitable as a business in China was when its period of tremendous growth began. Right now, Africa is establishing itself as the source of labour and resources for China and so, until the west pays attention, Africa will continue to fall in the debt trap of China.