2018
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Question
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2003
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2004
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2005
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2006
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Detailed explanation-1: -Refusal to take aid In year 2017, the Indian Government declared that India had been a net donor in 2015-16 and in the annual budget of year 2019-2020 ₹8,415 crore (USD 1.32 billion) were allocated (0.3% of the overall budget) for India’s own foreign aid programme.
Detailed explanation-2: -The UK has also continued to provide multilateral aid through core contributions to multilateral organisations. The UK government has increasingly used a ‘mutual prosperity’ approach, whereby aid explicitly benefits both countries, to justify continuing aid to India.
Detailed explanation-3: -According to this view, foreign aid is fully consumed; it substitutes rather than complements domestic resources; assists import of inappropriate technology; distorts domestic income distribution; and encourages a bigger bloated?, inefficient and corrupt government in developing countries (Boone, 1996; Easterly, 2003).