India continues to receive billions in both government, UN agencies (UNICEF, UNDP, etc) and private aid (NGOs like Gates Foundation) in spite of being a larger economy.
Haq's Musings: Foreign Aid Continues to Pour in Resurgent India
O'Neill was right when he said India economy exploding. It did. In fact it shrink in the last 2 years in US$ terms.
Haq's Musings: Indian Economy Declines to $1.7 Trillion in 2013-14
Eventually, all hydrocarbons will be exhausted. But 15 years is a long time to develop alternative energy resources.
We have no problem due to that.We need solid foundation before each steps .Same goes to economy.Indian economy will jump start after sometime.And it seems it already started after new GoI come in.This GDP calculation become clear once the rupees start toappreciating.
Our officials dont have any other options .We add 13 million youths in an year and GoI and states govt will try their best for give them lot of jobs.So economy will automatically going forward.