Some of the International funding agencies have special terms for economic participation stipulating a substantial component of the aid used for sourcing equipment from the leading countries. Discuss the merits of such terms and if, there exists a strong case not to accept such conditions in the Indian context. (12.5 marks, 200 words)
Posted inUPSC - Mains Solved Paper GS 2

Some of the International funding agencies have special terms for economic participation stipulating a substantial component of the aid used for sourcing equipment from the leading countries. Discuss the merits of such terms and if, there exists a strong case not to accept such conditions in the Indian context. (12.5 marks, 200 words)

International funding agencies often impose special terms for economic participation, requiring a significant portion of the aid to be allocated for sourcing equipment from leading countries.