Foreign aid received by India
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The extent of aid received
2010: Equal to less than 0.3% of India’s GDP
[In 2010], the Indian Express reported that India might not accept aid from the United Kingdom after April 2011. India has been the largest single recipient of British aid, receiving more than €800m (about $1.25b) since 2008. This announcement is perhaps symbolic of the fine line that India is walking between being a “developed” and “developing” country. It is the eleventh largest economy in the world, growing 8-9% annually. But it is also home to one-third of the world’s poor—there are more poor people in India than in all of Sub-Saharan Africa.
In the mid-1980s, India was the world’s largest recipient of foreign aid [Indpaedia: In absolute terms, not per capita]. Today foreign aid is less than 0.3% of GDP. [In the mid-1980s it would have been around 1.5% of India’s GDP: an Indpaedia estimate.] [In 2003] India announced that it would only accept bilateral development assistance from five countries (Germany, Japan, Russia, the UK, and the United States) in addition to the EU. Now it appears that the list is dwindling. India also declined international assistance after both the 2004 tsunami and the 2005 earthquake in Kashmir.
