Budget 2019: India redirects foreign aid to Indian Ocean countries

After Bhutan, which has been allocated Rs 2,802 crore this year, tiny Mauritius will be the second-largest recipient of Indian aid

Budget 2019: To backstop India’s influence in its extended neighbourhood, Friday’s Budget has raised the allocation for providing financial aid to friendly regional countries by over 26 per cent. Last year’s revised allocation of Rs 6,667 crore has been upped to Rs 8,415 crore in 2019-20.

The aid Budget has not just been raised, but redirected as well. While Bhutan retains its slot as India’s largest aid recipient, Indian Ocean island countries and littoral states feature high on the list of large aid recipients.

After Bhutan, which has been allocated Rs 2,802 crore this year, tiny Mauritius will be the second-largest recipient of Indian aid, with Rs 1,100 crore allocated. Another island nation, the Maldives, is in the fourth place with Rs 576 crore allocated. Seychelles has been allocated Rs 100 crore, while Rs 450 crore has been budgeted for African countries. Read More

Business Standard