Largesse with agenda
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| ANIKET ALAM |
In the last week of April, India announced a
us $5.4 billion credit to African countries for developing their infrastructure and meeting other development goals. This five year package also included duty free imports from 50 Least Developed Countries, of which 34 are in Africa. The government also announced a grant of
us $500 million to African countries and doubled the number of fellowships given to students from African and Asian countries.
The largesse was startling news, especially because India has for long being among the largest recipients of foreign aid in the world. Even in 2006-07, government of India received
us $1.83 billion in net external aid
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