Y does super duper india beg?
Collectively, the Western nations have donated a substantial amount of aid to India. In 2000 this aid totaled nearly US$4.5 billion and reached US$7.5 billion in 2008. In 2002 Western aid reached a new height: US$8.9 billion, which represented 49.8 percent of all Western multilateral and bilateral aid given to South Asian nations that year. The largest bilateral donor is Japan. Between 1994 and 2003, Japan's official development assistance grants to India totaled US$937 million. Much greater than the outright grants has been Japan's large-scale loan program, which supports economic infrastructure development (power plants and delivery systems, and road improvement) and environmental protection. Between 1994 and 2003, Japanese loans to India totaled nearly US$2.4 billion. A 125 billion (US$1.2 billion) loan financing major projects was granted in December 2004, bringing Japanese loans to India since 1957 to a total of 1.6 trillion. |