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About: Indian foreign aid     Goto   Sponge   NotDistinct   Permalink

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Indian foreign aid is the aid given by the Indian government to other governments. India's major quantum of foreign aid is given to neighbouring countries. According to India's budget in 2021-22, it's direct overseas aid stood at ₹18,154 crore (US$2.3 billion). That apart, India also extended a direct line of credit worth $30.66 billion dollars to several foreign countries for developmental projects. The way of providing a much larger share of aid in the form of concessional loans is quite similar to that of China. India has set up 'Indian Agency for Partnership in Development' as a part of Ministry of External Affairs (India) to channelize aid to recipient nations.