Abstract
India needs to orient its strategy towards economic and social development. It has adequately recognized the significance of Official Development Assistance (ODA) and in the process of activating its energies towards effective participation of such ODAs. This paper makes an attempt to critically examine various trends of ODA and how they can contribute to the growth and development of India. It tries to strengthen India's knowledge base through external assistance and suggests how challenges like poverty and infrastructure constraints can be tackled by effectively channelizing external assistance. It also tries to analyze India's experience with aid and indicates ways for adopting a new paradigm for overall development.
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