Rethinking foreign aid to India

Temporary migration programmes, an alternate form of foreign aid, have proven remarkably effective at poverty reduction, and cost the taxpayer of the donor country nothing

Representative Image

Representative Image

Aditya Jahagirdar
Recently, an MP from the United Kingdom complained that while UK was giving India aid worth £1 billion, the country decided to build a statue worth £330 million. The concern was seemingly about whether aid financed by taxpayer money was really reaching the poor. Relatedly, migration programmes are an alternate form of development assistance that the world has underutilised. They have proven remarkably effective at poverty reduction and cost the taxpayer of the donor country nothing.  

As of 2015-16, the total foreign aid received by India was Rs 77.19 billion. The largest governmental donors to India were the European Union, Germany
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

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First Published: Nov 24 2018 | 9:45 PM IST

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