India has increased its credit flow to Africa, becoming the second-largest provider of credit to the continent after China. India aims to enhance its presence. Over the past decade, India has extended about $12 billion in credit to 42 African nations.
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As per Chatham House, currently, 22 African countries with low-income status are either already facing severe debt distress or are at a high risk of facing such distress.
China debt diplomacy is not only a threat to the natural assets of the African countries but also a threat to the sovereignty of these countries. Unsustainabl