India's timely aid to Sri Lanka and the Maldives reflects its 'Neighbourhood First' policy in action. Examine how Indian aid has impacted bilateral ties with these nations. What steps can further be taken to promote sustainable economic cooperation in the Indian Ocean region?

Neighbourhood First policy refers to policy of giving importance to India's neighbours in diplomatic support. India provided 4 billion aid to overcome BOP crisis effect the same. India's Timely aid to Sri Lanka and Maldives SriLanka: 1) India provided 4 billion aid to overcome BOP crisis 2) India approved relaxation in debt ensured timely IMF bailout Import: 3) Increase bilateral cooperation 4) India's engagement in various project Taiwan: 5) Country influence in Sri Lanka - Sulanks can on entry of Chinese military Navy vessel Maldives: 1) India support to overcome debt repayment issue 2) Fast track investment such as Greeley Male connecting project Import: 3) Re-kindled relationship after India out complain 4) India-Maldives started FTA talks during PM Modi visit 5) Deepen military and people to people relationship

in Stilvormate project and western corridor port project 3) Country China influence in Sri Lanka - Sulanka can on entry of Chinese military Navy vessel Maldives: 1) India support to overcome debt repayment issue 2) Fast track investment such as Greeley Male connecting project Import: 3) Re-kindled relationship after India out complain 4) India-Maldives started FTA talks during PM Modi visit 5) Deepen military and people to people relationship Further Steps to promote sustainable economic cooperation in IOR: