Question

how has India benefited from the aid India consortium of the
world Bank?
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Answer 1

Answer:

The Aid-India Consortium was organized in 1958 as an international scheme to support the economic development of India, and led by the World Bank. This article reconsiders the economic diplomacy of the Indian Government in the 1950s and 1960s, by paying attention to the interactions between the Indian authorities and the donor countries and institutions, in the context of the Cold War regime, decolonization and economic aid to the newly independent countries. First, it deals with the development of the Aid-India Consortium by considering debates at its annual meetings and the skillful negotiations of the Indian Government and financial authorities. It focuses especially on the leading role of an Indian diplomat and financial expert, B. K. Nehru. The article then tries to reveal an Indian initiative in solving the `food crises` of 1965-67 through intimate collaboration with the US government and the World Bank, using the framework of the Aid-India Consortium. These attempts lead to a reconsideration of the economic order of Asia in the 1950s and 1960s.

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Answer 2

After having survived on international aid for decades, India has upgraded its profile to join the ranks of donors and is increasingly extending economic and development assistance to countries in South Asia, Africa, Central Asia, Latin America and the Caribbean.
And though the Indian government is careful to convey that all such projects are based on considerations of mutual benefit and are not exploitative in nature, people close to the development and analysts agree that the process dovetails with India’s long-term strategic and economic objectives.