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Home / Finance

Rephasing global development finance

Updated – March 05, 2026 02:23 am IST - DHAKA

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India’s development cooperation with the Global South has been showing a rising trend for the last several years. India has made consistent efforts to expand the facets of these engagements and has also almost doubled the flow of quantum — from around $3 billion in 2010-11 to around $7 billion in 2023-24. While capacity building programmes and the initiatives for technology transfer and duty-free access to India markets have been important modalities of this engagement, the main instrument has been the extension of lines of credit (LoC) under the Indian Development and Economic Assistance Scheme (IDEAS).

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