In the realm of realist international politics, where political relationships between rising powers are often decided by economic connections, financial aid is often a key instrument of foreign policy.
In most cases, it serves as long-term insurance to preserve old relationships, while in others, it acts as a direct incentive to forge new partnerships. This article is a two-part series that provides an assessment of India’s budgetary aid program to countries through its Union Budget 2019-20 and the Prime Minister announcements.
Foreign Aid Introduced in Budget 2019-20
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