Author - Anhad Jakhmola
A healthy flow of funds as foreign aid with areas of strategic interest not only suits India’s national interests but also displays its ideological maturity.
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| Source : Financialexpress |
As The Modi Government announced the budget for the year 2023, much of the fanfare went towards the important decisions around tax and the increase or decrease of expenditures in various sectors. From significant jumps to noted decreases that have made the news, the budget was well-received by most and often, as Clockwork, critiqued by those wanting to make an impression of improvement or political compulsion. However, the area of interest I wish to bring is the amount of foreign aid the Modi government has allocated this year and a possible explanation for it. It is pertinent to consider such important aspects around India’s international stage as well as their diplomatic push which further can bring insight as to what their strategy is behind the amount allocated this year.
In the Union Budget 2023-2024 announced on Wednesday, the total aid to countries was reduced to Rs 5408.37 crore this year from Rs 6292.30 in Budget 2022-2023. This may be seen in terms of doubt as to whether the centre is allocating funds in other sectors while ignoring the importance of aid to foreign nations where the Indian diaspora has a strong presence. However, what may seem on the outside isn’t the same within. The Modi government has increased funds to neighbouring nations like Bhutan which has received the highest allocation this year. Given the strategic importance of that country and its close ties with India, it is no surprise that the Himalayan kingdom features importantly in our strategic policy with our neighbours.
Read further at : https://samvadaworld.com/national/indias-foreign-aid-allocation-a-balance-of-smart-management-and-robust-foreign-policy/
The author is a distinguished alumnus of the esteemed Amity Institute of International Studies.
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