01244pab a2200181 454500 180718b1999 xxu||||| |||| 00| 0 eng d Jha, Shikha Foreign aid to India: what does it finance? 1999 p.1142-146 8 May This article shows that foreign aid to India merely substitutes for spending that the government would have undertaken anyway; the funds freed by earmarked aid are spent elsewhere. Moreover, in passing external assistance earmarked for the states, the central government makes a reduction in transfers it would have otherwise made to the states. From the country's perspective these fungibility results could be good; domestic spending priorities - inter-sectoral and inter-regional - are unaffected by foreign aid. For the donors, however, the results indicate that success of their projects, as measured by the conventional benefit-cost analysis, does not tell the whole story; the marginal use of their money and its overall development impact could be different from that intended. - Reproduced Foreign aid - India Foreign aid Swaroop, Vinaya Economic and Political Weekly 40792 40792 40792 0 0 0 0 IIPA IIPA 2018-07-19 Volume no: 34, Issue no: 19 AR41167 2018-07-19 2018-07-19 AR