The Rupee's Reach: The Lending Curve of India's Development Diplomacy
India’s transition from being a recipient of aid to a donor makes for a feel-good story. The policy brief questions this rose-tinted rhetoric and argues that there is an urgent need to map and systematise the diversity of India’s engagement as an actor in this evolving space. What sort of normative choices and tensions are these likely to present for Indian diplomacy? At the end of the day, many of these issues will be fundamentally linked to how India perceives its role in the region and the world at large and how it chooses to engage with questions of benefit sharing, trade-offs and the allocation of risks and burdens. Outlining its development priorities and bringing greater clarity to conceptualising what foreign aid with Indian characteristics constitutes should be the first order of business that India needs to attend to, if it wants to stay ahead of the (lending) curve.