Foreign Aid Effect

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Effect of Foreign Aid on Economic Growth and Development in India: An Empirical Analysis
ACADEMIC JOURNAL ARTICLEBy Sahoo, Kalpana; Sethi, Narayan
Foreign aid is considered as an important ingredient for financing the developmental programs of the developing countries. Currently, it is considered as an important instrument of the foreign policy of states. It acts as a major source of foreign exchange earnings for developing countries. After World War II, developed economies have been providing hundred billions of dollars in terms of foreign aid to the developing world with a welfare motive. Even before the First World War, foreign aid was used as a profitable investment.

Sociological Factors Affecting Economic Development in India
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Cautious, But Optimistic
May 2008
The author reflects upon the pace of economic growth in India. The author states that the rising inflation related to food, fuel and metals is affecting the world economy and analyzes the effect of global economic factors on the Indian economy. The author expresses optimism regarding the economic growth in India through drastic cutbacks.

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The study intends to investigate the question "whether there is any significant effect of economic planning on industrial growth in India. In identifying the impacts of economic planning on industrial growth are investigated eight economic plans and compare pre and post trade liberalization policy in India during 1970-2010. The descriptive analysis methods, analysis of variance, ANOVA, and T - independent test will be applied for testing hypotheses. The results show, although there is significant difference among economic plans on industrial growth but there is no significant difference between pre and post trade liberalization policy on industrial growth. In fact, the multiple comparisons among different plans show that only tenth planning has statistically significant effect on industrial growth. So, the process of economic planning did not have significant effect on industrial growth in
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