Foreign aid to India
India receives foreign aid from various nations and international organizations.
Aid received
In 2010, the British newspaper The Guardian reported the aid received by India to be less than 1% of its GDP.[1]
The United States Agency for International Development (USAID) compiled and published a data in 2015 indicating that from the period 1946-2012, India has been the recipient of highest aid from United States. The amount of economic aid, adjusted to inflation then, was reported to be USD 65.1 billion.[2]
Refusal to take aid
In recent times, Indian government has on various occasions refused to take foreign aid for management of natural disasters like 2004 Indian Ocean tsunami, 2013 Uttarakhand floods, 2014 Kashmir floods, and 2018 Kerala floods.[3] In year 2017, the Indian government declared that India had been a net donor in 2015-16.[2] and in the Indian Government annual budget of year 2019-2020 USD 1.32 billion (INR 8415 crore) were allocated (0.3% of the overall budget) for India's own foreign aid programme.
As donor
India is not a member of Development Assistance Committee, which includes World's major donor countries. Despite that, India has recorded donations to various countries. India also provides non-monetary help in cases of natural disasters by means of sending supplies and manpower for rescue missions.[3] In 2017, General V. K. Singh, the then Minister of State for External Affairs informed that India had been a net donor in 2015-16 by donating ₹7,719.65 crore (US$920 million) as aid and receiving only ₹2,144.77 crore (US$260 million) from foreign countries and global banks.[4] In the Indian Government annual budget of year 2019-2020 USD 1.32 billion (INR 8415 crore) were allocated (0.3% of the overall budget) for India's foreign aid programme to other countries.
See also
References
- ^ Glennie, Jonathan (8 November 2010). "If India doesn't 'need' aid, why do foreign governments still give it?". The Guardian. Retrieved 14 May 2019.
- ^ Rajghatta, Chidanand (16 July 2015). "India top recipient of US economic aid". Times of India. Retrieved 15 May 2019.
- ^ a b Bagchi, Indrani (23 August 2018). "Why it's perfectly justified for India to refuse foreign aid for Kerala". Economic Times. Retrieved 14 May 2019.
- ^ Sharma, Ritu (22 March 2017). "Emerging power India gives more aid than it receives". Indian Express. Retrieved 14 May 2019.
