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India Faces Expensive Aid as Debt to U S Grows
New Delhi grapples with Washington’s foreign assistance, most of which came as loans rather than grants. India owes about 5 billion dollars to the United States, with repayments in rupees and dollars totaling hundreds of millions yearly. Critics cite high interest, aid inflation, and large USAID operations as sources of discontent alongside political frictions over control of PL480 spending.
MENTIONED IN THIS ARTICLE
New Delhi
Washington
India
Indira Gandhi
United States
U.S
U.S. Agency For International Development
USAID
Soviet Union
Nixon
Y.B. Chavan