The Interim Budget 2024, unveiled by Finance Minister Nirmala Sitharaman, sheds light on India’s foreign aid allocation, with Bhutan emerging as a significant recipient. In the Financial Year 2024-25, India allocated a substantial portion of its budget to foreign aid, with a notable emphasis on Bhutan. The allocation for Bhutan underscores India’s commitment to supporting its neighboring countries’ development initiatives.
The Indian government provided ₹6,541.79 crore to foreign governments with ₹4,927.43 crore as a grant and ₹1,614.36 crore as a loan, as per the revised estimates for 2023-24. It crossed the budget estimates of ₹5,848.58 crore for 2023-24. For 2024–2025, the projected grants and loans total ₹5,667.56 crore. It’s crucial to remember that this is a vote on account, and the full budget is expected in July following the inauguration of the new administration.
| Sno. | Country | Amount (in crore ₹) |
|---|---|---|
| 1 | Bhutan | 2,398.97 |
| 2 | Maldives | 770.90 |
| 3 | Nepal | 650 |
| 4 | Myanmar | 370 |
| 5 | Mauritius | 330 |
| 6 | Afghanistan | 220 |
| 7 | Bangladesh | 130 |
| 8 | Sri Lanka | 60 |
| 9 | Seychelles | 9.91 |
| 10 | Mongolia | 5 |
Under the guidance of Finance Minister Nirmala Sitharaman, the Interim Budget 2024 reflects a strategic approach to foreign aid allocation. The budget’s focus on Bhutan underscores the government’s commitment to fostering strong diplomatic ties and regional development.
As the Interim Budget sets the stage for the upcoming financial year, stakeholders anticipate further developments in India’s foreign aid strategy. With Bhutan at the forefront of allocation, the budget underscores the importance of regional cooperation and strategic partnerships in driving economic growth and development.
India has taken a significant step towards the future of urban transportation with the blessing…
The 23rd edition of Commonwealth Games is slated to take place in Glasgow, Scotland from…
India has granted authorization for its first dengue vaccine to be used, which indicates a…
The Supreme Court has instructed the Central Government to form a committee within two weeks…
The Mukhyamantri Swasth Bastar Abhiyan (Chief Minister's Health Bastar Mission) is showing satisfactory results as…
India's Index of Core Industries (ICI) witnessed a 5% growth year-on-year in June 2026 as…