Foreign aid and official development assistance received
million U,S, dollars
For that indicator, we provide data for India from 1960 to 2019. The average value for India during that period was 1683.51 million U,S, dollars with a minimum of 613.9 million U,S, dollars in 1972 and a maximum of 3270.22 million U,S, dollars in 2011.
The latest value from 2019 is 2610.58 million U,S, dollars. For comparison, the world average in 2019 based on 131
countries is 840.02 million U,S, dollars.
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Definition: Net official development assistance (ODA) consists of disbursements of loans made on concessional terms (net of repayments of principal) and grants by official agencies of the members of the Development Assistance Committee (DAC), by multilateral institutions, and by non-DAC countries to promote economic development and welfare in countries and territories in the DAC list of ODA recipients. It includes loans with a grant element of at least 25 percent (calculated at a rate of discount of 10 percent). Net official aid refers to aid flows (net of repayments) from official donors to countries and territories in part II of the DAC list of recipients: more advanced countries of Central and Eastern Europe, the countries of the former Soviet Union, and certain advanced developing countries and territories. Official aid is provided under terms and conditions similar to those for ODA. Part II of the DAC List was abolished in 2005. The collection of data on official aid and other resource flows to Part II countries ended with 2004 data. Data are in current U.S. dollars.