India Exports to the Maldives: India is known for its good behavior with many other countries. India-Maldives relations are very good. But after the arrival of the China-backed government in the Maldives, there has been a rift with India. This will have a huge impact on the Maldives.
India and the Maldives have trade relations. India protests will have an impact on the Maldivian economy. The economy of the Maldives is dependent on tourism. Tourism accounts for up to 28 percent of the Maldivian economy, while it accounts for 60 percent of the foreign exchange. There are many other reasons for this loss.
The Maldives, whose economy is dependent on tourism, is India largest consumer. According to the data released by the Ministry of Tourism, Indians are the largest number of tourists visiting the Maldives. In the year 2023, 209,198 Indian tourists arrived in the Maldives.
In the year 2022, also 240000 Indian tourists visited the Maldives. In 2020, even during Corona, India contributed 11 percent to the tourism of the Maldives. In such a situation, the boycott of Indians will break the back of the Maldivian economy. Impact on the tourism business means impact on employment. Tourism contributes about 70% of the total employment in the Maldives.
Not only tourism, but India is also dependent on these things
Not just for tourism, the Maldives is dependent on India for industrial products like scrap metal, engineering goods, pharmaceuticals, radar equipment, rock boulders, and cement. Not only this, but the Maldives is dependent on India for food. The Maldives is dependent on India for its rice, pulses, spices, fruits, vegetables, and poultry products. Former Maldivian minister Ahmed Mahloof has also admitted that the pullout from India will have a profound impact on their economy.