Budget 2026: Chabahar Port Funding Halted, Bangladesh Aid Cut Amid Geopolitical Shifts
World
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Moneycontrol•01-02-2026, 17:22
Budget 2026: Chabahar Port Funding Halted, Bangladesh Aid Cut Amid Geopolitical Shifts
- •Union Budget 2026-27 shows India's recalibrated overseas development assistance strategy.
- •Chabahar Port project in Iran receives zero funding for 2026-27, down from Rs 400 crore, due to US sanctions and geopolitical tensions.
- •Aid to Bangladesh halved to Rs 60 crore, reflecting strained relations and project execution challenges.
- •Bhutan, Nepal, and Sri Lanka see increased aid, with Bhutan receiving Rs 2,289 crore, Nepal Rs 800 crore, and Sri Lanka Rs 400 crore.
- •Aid to Maldives reduced to Rs 550 crore, while Mauritius receives a 10% increase to match the same amount.
Why It Matters: India's Budget 2026 reorients foreign aid, halting Chabahar funding and adjusting South Asian allocations.
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