India ODA - World politics Business & finance Economics...

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World politics Economics Culture Blogs Multimedia Print edition Aug 13th 2011 | from the print edition Official development assistance Aid 2.0 India is thinking about setting up its own aid agency. Why should others give aid to India? EVERY so often something comes along which shows that almost everything you know about a subject is wrong. Such a development is happening in the world of foreign aid. It is a proposal by India to set up its own aid agency to distribute $11 billion over the next five to seven years. That’s aid from India. This would be a departure. For decades, India was the world’s biggest aid recipient. Now, it is likely to join Brazil, Russia and China in using aid to win friends and influence people abroad. The rules of aid are being turned inside-out and long-standing donors—governments and non-governmental organisations (NGOs) alike—must change, too. For the past decade Western donors have been campaigning to boost the amount of aid they give
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India ODA - World politics Business & finance Economics...

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