Foreign Aid in India: Effectiveness and Policy

Foreign Aid in India: Effectiveness and Policy is an attempt to examine the effectiveness of foreign aid utilized in India through its impact on the development of various sectors of the economy, especially on which it has been utilized and also on the whole economy, since 1970. For this purpose, a detailed analysis of the source-wise and purpose-wise utilization of the same has been carried out along with the estimation of ‘grant element’ implicit in the loans, both with and without incorporating exchange rate variations in Rupee, obtained from multilateral as well as bilateral sources, to assess the real worth of utilized foreign aid in India. The book also carries out an in-depth and comprehensive analysis of the Govt. of India’s policy regarding obtaining foreign aid together with most mundane problems faced in its utilization in the country. Certain policy measures have also been recommended to improve the effectiveness of foreign aid in the economy. On the whole, the book will prove fruitful to the students, researchers, teachers, planners, policy formulators and all those interested in the development financing problems,  particularly of the recent eventful years, of the Indian economy.