US aid to India drops by 16 pc

April 15, 2013 12:37

US Secretary of State John Kerry has proposed a 16 per cent cut in the American aid to India, reflecting the transition from a traditional "donor-recipient" relationship to a "strategic partnership" between the two countries. "With respect to India, for the fiscal year 2014, the State Department request is USD 91 million.

This represents a 16 per cent decrease from the fiscal levels 2012 (the previous actual spending)," a senior State Department official said.

This is in continuation of the trend that has emerged over the past few years. In 2010, the United States aid to India was USD 126.7 million, which drooped to USD 121.6 million in 2011 and USD 108 million in 2012 and was proposed to USD 98.3 million in the current fiscal of 2013, which ends on September 30.

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