Positive Effects of Foreign Aid to India - 1289 Words

It has been argued for decades that long term foreign assistance is unfavorable for the development of the recipient nation. However, there are some countries that have shown positive effects of foreign aid. India can be regarded as this type of country. According to Global Issues Journal (2011), India is one of the biggest recipients of long-term foreign aid in the world and mainly supported by donors, such as the United States of America and the United Kingdom, and international organizations, similar to the United Nations and the Organization for Economic Co-operation and Development (OECD). The situation in the country seems to be controversial; there is a well-developed country that shows great economic growth and nation with nearly†¦show more content†¦Table below demonstrates the improvements of the Literacy rate for the population aged 7 years and above in the country for the last decades: Years Literacy rate, % Male/Female Persons Male Female Gap 1981 43.6 56.4 29.8 26.6 1991 52.2 64.1 39.3 24.8 2001 65.4 75.8 54.2 21.6 2011 74.1 82.2 65.5 17,3 Source: India Census 2011 The sufficient amount of help was given to the sphere of education but there are some other aspects left to consider such as agriculture. The external assistance for India has been provided since 1950s both financially and technically, and promoted agricultural advancement of the country. Between 1963 and 1972, for instance, in accordance with the program of the United States Agency for International Development, almost 400 American scientists lectured in agricultural universities of India, while more than 500 teachers from Indian institutions have received training in the United States and other countries (â€Å"India Agricultural Trade†, 1995). Help to the agrarian sector in India proceeded in the end of the 1980s and the beginning of the 1990s. The World Bank and its partners supported â€Å"agricultural extension, agricultural credit, dairy development, horticulture, seed development, rain-fed fish farms, storage, marketing, and irrigation† (â€Å"The growth of urban land in OECD regions†, 2011). In addition, severalShow MoreRelatedImpact of New Economic Policy 19911712 Words   |  7 PagesPO SITIVE EFFECTS: 1.Increases Production 2.Diversification of Cropping Pattern 3.Better Price 4.Increased Exports NEGATIVE EFFECTS: 1.Lack of Self-Sufficiency 2.Price Stability 3.Affects Poor Farmers 4.Entry of MNCs IMPACT ON INDUSTRIES Industrialization through import substitution and public sector production with emphasis on heavy industry has been a very important objective of our planning for development. In particular an important distinctionRead MoreExternal Debts and Economic Growth812 Words   |  3 Pageswas conducted on foreign aid, domestic savings and economic growth by (khan Rahim, 1993).the result indicates a positive but insignificant result statistically of economic growth with its varies form of contemporaneous values of economic assistance. Foreign aid shows statistically a significant positive correlation with economic growth. 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