India is concerned recent trade pacts signed by the Maldives will likely hurt the archipelago's cash-strapped economy, the Indian foreign ministry said on Friday, in a reference to agreements between the Maldives and China,

India has cautioned the Maldives against entering trade agreements that may jeopardize its fiscal stability, after the archipelago nation signed pacts with China and Turkiye. New Delhi emphasized that these agreements could result in significant revenue losses for the Maldives,

The Maldives and China's free trade agreement has come into effect recently and it will lead to custom revenue loss for Male, thus further affecting its already struggling economy.