Question

Need for foreign aid government policy toward foreign debt and investment. Impact of foreign aid.

Answer 1

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8 the same time 5 8th March and 5

Answer 2

Foreign aid is important for both the economic growth and development of India.

After the end of World War II developed countries have been providing developing countries like India with foreign aid as a welfare initiative.

It helps in development of infrastructure, alleviating poverty, peace-keeping, and disease control.

Foreign aid stimulates growth in both physical and human capital.

It also increases productivity of both labour and capital.