Bhutan Leads As Top Indian Aid Recipient

Interim Budget 2024 presented by Finance Minister Nirmala Sitharaman highlights Bhutan is emerging as an important recipient of India’s foreign aid allocation. In fiscal year 2024–25, India allocated a large portion of its budget to foreign aid, with a notable emphasis on Bhutan. The allocation for Bhutan underlines India’s commitment to support the development initiatives of its neighbour.

Foreign Aid Allocation: Revised Estimates and Estimates for 2023-24 and 2024-25

Government of India provided ₹6,541.79 croreFor foreign governments with e ₹4,927.43 crore as grant and ₹1,614.36 crore as loan, as per the revised estimate of 2023-24. This exceeded the budget estimate of ₹5,848.58 crore for 2023–24. For 2024-2025, the estimated grants and loans total ₹5,667.56 crore. It is important to remember that this is a vote on account, and the full budget is expected in July after the inauguration of the new administration.

Interim Budget 2024: List of top recipients of Indian grants

Snow. Country Amount (in ₹ crore)
1 bhutan 2,398.97
2 maldives 770.90
3 Nepal 650
4 myanmar 370
5 mauritius 330
6 afghanistan 220
7 bangladesh 130
8 Sri Lanka 60
9 Seychelles 9.91
10 mongolia 5

Leadership of Finance Minister Nirmala Sitharaman

Under the guidance of Finance Minister Nirmala Sitharaman, the interim Budget 2024 reflects a strategic approach to foreign aid allocation. The budget’s focus on Bhutan underlines the government’s commitment to promoting strong diplomatic ties and regional development.

looking ahead

As the interim budget sets the stage for the upcoming fiscal year, stakeholders look forward to further developments in India’s foreign aid strategy. With Bhutan leading the allocation, the budget underlines the importance of regional cooperation and strategic partnerships in driving economic growth and development.

Budget 2024: Bhutan leads the way as top Indian aid recipient_40.1

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