| Summary/Abstract |
Indian economy has entered in the 25th year of liberalization in year 2016. “In 1991, India was infamous as the world’s biggest beggar, a bottomless pit for foreign aid. It soaked up 40% of the funds of the International Development Association (IDA), the soft-loan window of the World Bank. Today, India is as much a donor as a recipient. It is still a substantial aid recipient in gross terms. But the inflow is barely half-a-billion dollars net of debt service.
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