India Gives
For decades after independence, India was seen as an impoverished land of destitute people, desperately in need of international handouts. But India has now emerged as a significant donor to developing countries in Africa and Asia, second only to China among countries of the global South.
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NEW DELHI – The recent India-Africa summit in Addis Ababa, Ethiopia, at which India’s government pledged $5 billion in aid to African countries, drew attention to a largely overlooked phenomenon – India’s emergence as a source, rather than a recipient, of foreign aid.