UPSC Ki Taiyari

Q- How should India counter chequebook & debt trap diplomacy? Answer-  India can counter "chequebook diplomacy" and "debt trap diplomacy" by taking a number of measures to protect its economic and national interests. These may include: Strengthening its domestic economy: A strong domestic economy can make India less reliant on foreign investment and loans, reducing its vulnerability to debt trap diplomacy. Increasing transparency in infrastructure projects: By ensuring that all infrastructure projects are transparent and subject to independent oversight, India can reduce the risk of corruption and ensure that projects are financially viable. Building strategic partnerships: India can build strategic partnerships with other countries and organizations, such as the International Monetary Fund, to help mitigate the risk of debt trap diplomacy. Diversifying its economy: India can diversify its economy to reduce its reliance on any one sector or source of income, mak...