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Since 2009, the foreign aid had increased around 3.2 times annually. [4] In 2017, the government declared that India had been a net donor in 2015–16. [5] In the Indian Government budget of year 2019-2020 USD 1.32 billion (INR 8415 crore) were allocated (0.3% of the overall budget) for India's foreign aid programme .
Some critics of foreign funding of NGOs contend that foreign funding orients recipients toward donor priorities, making them less responsive to the communities they work in. In 2013, a study published in Journal of Democracy surveyed 98 countries and found that "51 either prohibit (12) or restrict (39) foreign funding of civil society ".
In 2010, British newspaper The Guardian reported the aid received by India to be less than 1% of its GDP and has declined to take foreign aid recently. [1]The United States Agency for International Development (USAID) compiled and published a data in 2015 indicating that from the period 1946-2012, India has been the recipient of highest aid from United States.
The economic liberalisation in India refers to the series of policy changes aimed at opening up the country's economy to the world, with the objective of making it more market-oriented and consumption-driven. The goal was to expand the role of private and foreign investment, which was seen as a means of achieving economic growth and development.
The initial stated goal was to curb black money, corruption, and terrorism, but as it became apparent that almost all the cash was being exchanged, [64] the goals were expanded to include making India a cashless economy, neutralisation of money held by Maoists, terrorists and human traffickers, among others. [65]
In the post-Cold War era, a significant aspect of India's foreign policy is the Look East Policy. During the cold war, India's relations with its Southeast Asian neighbours were not strong. After the end of the cold war, the government of India particularly realised the importance of redressing this imbalance in India's foreign policy.
The Foreign Contribution (regulation) Act, 2010 is an act of the Parliament of India, by the 42nd Act of 2010.It is a consolidating act whose scope is to regulate the acceptance and utilisation of foreign contribution or foreign hospitality by certain individuals or associations or companies and to prohibit acceptance and utilisation of foreign contribution or foreign hospitality for any ...
The DEA (Department of Economic Affairs), Ministry of Finance, Government of India along with Reserve Bank of India, monitors and regulates ECB guidelines and policies. Most of these loans are provided by foreign commercial banks and other institutions. During the 2012, contribution of ECBs was between 20 and 35 percent of the total capital ...