TITLE

Price of inefficiency

AUTHOR(S)
Mukherjee, Nivedita
PUB. DATE
November 2009
SOURCE
India Today;11/2/2009, p19
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the failure of India to utilise foreign aid for its economic development. A report by the Comptroller and Auditor General (CAG) found that the nation's usage of foreign assistance has dropped from 78.65% in 2000-2001 to 61% in 2006-2007 despite the increase in external assistance. It mentions the slowdown in the nation's growth rate at about 5-6% in the fourth quarter of 2008-2009 due to the global financial crisis. The reasons why the nation failed to use its funds are also presented.
ACCESSION #
45033829

 

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