India’s total concessional development finance reached USD 1.4 billion in 2014, compared to USD 1.2 billion in 2013 (OECD estimates based on Government of India, 2015a, 2015b). India channelled USD 141 million (10% of its concessional development finance) through multilateral organisations in 2014, compared to USD 52 million in 2013. This increase is mainly due to a contribution of USD 71 million to the World Bank Group’s International Development Association.
The Development Partnership Administration within the Ministry of External Affairs co‑ordinates India’s bilateral development co-operation. It manages grants and the Indian Technical & Economic Cooperation Programme. The Ministry of Finance manages multilateral assistance and exercises administrative oversight over the concessional loans and lines of credit provided by the Exim Bank.
India’s priority partner countries are its neighbours in South Asia. Between 2009 and 2015, Bhutan received 61% of India’s bilateral development co‑operation, followed by Afghanistan (9%), Sri Lanka (7%), Nepal (5%), Bangladesh (3%), Myanmar (2%) and the Maldives (2%). Recently, co‑operation with Africa increased, with the majority of new lines of credit being allocated to Africa in 2014. The main sectors of India’s development co-operation are health, education, energy (hydropower) and information technology.
In 2014, India’s multilateral flows were primarily channelled through the International Development Association (50%), as well as through the United Nations (24%) and other multilateral organisations and regional development banks.
India is a Key Partner of the OECD.