| Publication |
Jan 2005.
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| Summary/Abstract |
The 1963 negotiations among India, the World Bank, and the Aid-India consortium represent a watershed. For the first time, members of the latter group expressed some disenchantment with what they perceived to be the slow rate of Indian economic growth caused in part, they argued, by the entrenched nature of India’s bureaucracy. This article brings out the main lines of argument among participants and attempts to evaluate the position of each. It also demonstrates the arm-twisting and coalition-building by the United States of, and with, other consortium members in order to achieve what the US believed to be the desired result, that is, increased aid to India, the world’s largest democracy and foil to the People’s Republic of China.
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