Title: An impact assessment of official development assistance: empirical evidence from India

Authors: Ashwani Bishnoi

Addresses: Department of Humanities and Social Sciences, National Institute of Technology Kurukshetra, India

Abstract: The roles of foreign aid in economic growth through enhanced investment, technology transfer, human resource development, etc., have been well attested by existing literature. However, the extent to which foreign aid contributes to infrastructure has been overlooked in the literature. The, present study intends to capture the impact of official development assistance (ODA) on economic and social infrastructure of India. The study considers the specific case of the UK and Japanese ODA being active supporters of two forms of infrastructure in India. The results suggest that these two countries' ODA play significant role in shaping the economic infrastructure of India. Intensity of impact is more tuned to the UK's ODA compared to Japanese ODA. The study also evidences that less effectiveness of governance and poor regulation hamper the pace of infrastructure development in the country. Towards social infrastructure, this study provides evidence of strong impact of the UK's ODA in economic development of India.

Keywords: official development assistance; ODA; economic infrastructure; Japan; India; UK; principal component analysis; OLS; governance; regulation; social infrastructure.

DOI: 10.1504/IJBG.2023.129538

International Journal of Business and Globalisation, 2023 Vol.33 No.4, pp.497 - 513

Received: 17 Dec 2019
Accepted: 09 Jan 2020
Published online: 14 Mar 2023 *

Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article