India’s equation with Latin America is based squarely on economic diplomacy, which brings balance and stability to the bilateral relationship.
The investment is a part of DFC’s $1 billion commitment for several countries including Latin America, Africa, and other emerging markets.
A Latin America analyst explains why it would be ill-advised for India to take any political policy position vis-à-vis Venezuela, especially regarding the ongoing political crises in the country. In light of US sanctions imposed on Venezuelan state-owned oil and natural gas company Petróleos de Venezuela SA (PDVSA) in January this year, Venezuelan oil exports to the United States have dried up. It has left a shortfall of up to 500,000 bpd that Venezuela exported to the United States before [...]