India's Financial Aids to Foreign Countries

As per India's budget documents for the FY 2021-22, India's direct overseas aid stood at ₹18,154 crore (US$2.5 billion) which also includes concessional loans. India also extended the credit worth $30.66 billion to several countries for their developmental projects. India has set up 'Indian Agency for Partnership in Development', as a part of the Ministry of External Affairs (India) to channelize aid to recipient nations. Out of ₹18,154 crore Rs 7,148 crore was earmarked later revised to Rs 5,369 crore as aid to countries in its neighbourhood as well as in Africa and Latin America. 


Bhutan has been allocated a maximum of Rs 3,004 crore while Iran Rs 100 crore for Chabahar port project.


Nepal has been alloted Rs 992, Afghanistan pegged at Rs 350 crore and Myanmar at Rs 400 crore.


Both Bangladesh and Sri Lanka will get Rs 200 crore each, while an amount of Rs 250 crore has been set aside for the Maldives.


Rs 300 crore has been allocated for African countries, Rs 100 crore for Eurasian countries and an outlay of Rs 40 crore was marked for Latin American nations. Separately, Rs 130 crore has been allocated for assistance to other developing countries. Rs 476 crore has been set aside for ''support to international training/programmes''.


India is one such country. It has helped Afghanistan in all aspects of nation-building over the past two decades when the US-Nato forces provided a shield against the Taliban and other fundamentalist forces.


Afghanistan has always been crucial for India’s strategic interests in South Asia. After Afghanistan was left ravaged in 2001, India has helped the country build roads, schools, hospitals, dams and many other crucial projects that helped shape the country’s future.


India has invested more than $3 billion in Afghanistan. This includes investments in over 400 infrastructure projects across all provinces in the country.


Given the situation, it remains unclear how India will maintain diplomatic ties with a government controlled by the militant group. The Taliban rule is sure to disrupt once India’s friendly ties with Afghanistan and subsequently its strategic investments in the war-torn country.

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