Mar 12, 2012

Foreign aid: sop to conscience and bad policy

by Ramesh Thakur

When India selected 126 French Rafale fighter aircraft (£13 billion) over the U.K.-manufactured Typhoon involving a consortium of European countries, some British politicians and commentators demanded that aid to “ungrateful” India, a fast-rising economic power, be stopped. The press dredged up Finance Minister Pranab ...