India Top Recipient of US Aid Since 1947

[RiazHaq]

India has been the #1 recipient of US economic aid since its inception. Pakistan is way down on the list. In spite of all of the recent news about aid to Pakistan dominating the media, the fact remains that resurgent India has received more foreign aid than any other developing nation since the end of World War II--estimated at almost $100 billion since the beginning of its First Five-Year Plan in 1951. And it continues to receive more foreign aid in spite of impressive economic growth for almost a decade.

http://www.riazhaq.com/2009/04/foreign-aid-continues-to-pour-in-india.html

 

[RiazHaq]

http://www.riazhaq.com/2015/04/can-indian-economy-survive-without.html

India runs massive current account deficits. Its imports far outstrip exports year after year. According to the Reserve Bank (RBI) data, in the April-December 2014 period of last fiscal, India's current account deficit stood at $31.1 billion or 2.3% of GDP.




In spite such large recurring deficits, India has built up over $300 billion in foreign exchange reserves. How does it do it? The simple answer is: Foreign money inflows in the form of debt and investments mainly from the West keep the Indian economy afloat.


Sources of FDI in India Source: Financial Express
These inflows have dramatically increased with western support for India in the post Cold War world. Here's how Indian journalist Pankaj Mishra explains the larger western interest driving this phenomenon:

"Seen through the narrow lens of the West’s security and economic interests, the great internal contradictions and tumult within these two large nation-states (India and Pakistan) disappear. In the Western view, the credit-fueled consumerism among the Indian middle class appears a much bigger phenomenon than the extraordinary Maoist uprising in Central India".

Here's how the Asian Development Bank (ADB) describes the rising inflows of foreign, mainly western, capital into India:

"Gross capital flows have increased nearly 22 times from $42.7 billion in 1991-92 to over $932.3 billion in 2010-11. As a share of GDP, this amounted to an increase from 15.5% in 1991-92 to 55.2% in 2010-11. Much of the increase in financial integration occurred between 2003-04 and 2007-08. Given the impressive economic performance indicated by close to 9% growth rate, higher domestic interest rates and a strong currency, India's risk perception was quite low during 2003 to 2007. Furthermore, this period was associated with favorable global conditions in the form of ample liquidity and low interest rates in the global markets—the so-called period of Great Moderation."

Many other economies have been growing faster and producing higher investor returns than India. So the returns do not justify the increased capital flows. Such flows are driven much more by the changing geopolitics of South Asia region and the world since the end of the Cold War in early 1990s. Without these inflows, Indian economy would collapse and India would be at IMF's door seeking last resort loans.

Lesson: Geopolitics drive economy. It's the reason for over a trillion dollars of western capital flow into India since the end of the Cold War. It also explains China's massive $46 billion investment commitment in Pakistan agreed during President Xi Jinping's state visit to Islamabad.


http://www.riazhaq.com/2015/04/can-indian-economy-survive-without.html

 

[gslv mk3]

Typical non sense.

 

[ghameed]

Typical non sense.

You should check out this haq fellow's blog...typical pakistani propaganda machine ...

 

[Gandhi G in da house]

They give it to us out of their own free will. We dont beg for it like some others.

Besides per capita economic aid to Pakistan is far higher than India.

 

[Species]

India has been the #1 recipient of US economic aid since its inception. Pakistan is way down on the list. In spite of all of the recent news about aid to Pakistan dominating the media, the fact remains that resurgent India has received more foreign aid than any other developing nation since the end of World War II--estimated at almost $100 billion since the beginning of its First Five-Year Plan in 1951. And it continues to receive more foreign aid in spite of impressive economic growth for almost a decade.

http://www.riazhaq.com/2009/04/foreign-aid-continues-to-pour-in-india.html

So much aid, yet people poo in open field?

 

[shah1398]

Typical non sense.

You should check out this haq fellow's blog...typical pakistani propaganda machine ...

Sense might prevail for U guys if U better check your own newspapers and see if they are Pakistani propaganda machine or telling the truth.

http://timesofindia.indiatimes.com/...t-of-US-economic-aid/articleshow/48093123.cms

@RiazHaq

 

[Brickwall]

So as per Haq's blog, India is so cunning that it successfully fools most of leading economist and financial institution in the world that they project India has one of the most promising economy inthe world.Way to go ..Chanakya Logic

 

[Indus Pakistan]

They give it to us out of their own free will.

Ditto Pakistan

We dont beg for it like some others.

So you think a superpower can be "begged" into anything? If so you need your head examing. America gives it for the same reason why it gave it to India - self interest.

Besides per capita economic aid to Pakistan is far higher than India.

On that score tiny Israel comes on top, don't you think?

And you Indian's why not counter the specific points raised by @RiazHaq instead of posting, stupid, silly emoticons or dancing whats-its-things?

 

[Ali Sinan]

@RiazHaq
Should be awarded TTA rank, he is one of one the best PDF writer.

 

[X-2.]

Typical non sense.

Lol I feel ur pain lol

 

[Gandhi G in da house]

Ditto Pakistan

So you think a superpower can be "begged" into anything? If so you need your head examing. America gives it for the same reason why it gave it to India - self interest.

On that score tiny Israel comes on top, don't you think?

And you Indian's why not counter the specific points raised by @RiazHaq instead of posting, stupid, silly emoticons or dancing whats-its-things?

His point has been countered. Pakistan gets much higher aid per capita than India.

Don't know what his point is anyway in trying to prove that india gets highest economic aid.

 

[X-2.]

@RiazHaq
Should be awarded TTA rank, he is one of one the best PDF writer.

I am positive with this statement too ! intellectual

 

[Gregor Clegane]

@RiazHaq @shah1398
According to US Agency for International Development, Pakistan has revived more civilian aid each and every year since 1993.Even then per capita aid for India was much lower

Also all military aid to India stopped in 1968 but Pakistan still continues to recive military aid from USA.

 

[Pakistan First]

Oh my Lord!!!

Bhangees again smacked in the butt.