'The World Bank needs India more than India needs it.' So goes an emerging consensus on both sides of the relationship between the Bank and its largest borrower. This book analyzes the politics of aid and influence. The Bank, struggling to remain relevant amid India’s recent rapid growth and expanding access to private capital, has been caught up in a complex federal politics of reform and development. India’s central government - far from being in retreat - has been the main driver of dramatic changes in the Bank’s assistance strategy, leading toward a focus at the sub-national state level.
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‘Since the World Bank’s inception in 1944, India has been its largest borrower. Jason Kirk’s lucid study charts the dynamics and evolution of this relationship, focusing on the period after 1991, when India’s economic reforms firmly took hold. […] Kirk’s careful and well-written account will profit scholars of South Asia, the political economy of federalism, and international financial institutions. Policy-makers should also find much to ponder.’ —Gareth Nellis, Yale University, ‘Contemporary South Asia’
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'This timely and empathetic but not uncritical policy analysis forcefully argues for an urgent debate within India over the continued need for concessional IDA funding - even as India graduates to middle-income status - to serve the interests of India, particularly of its poor in the lagging states.' —Baldev Raj Nayar, Professor Emeritus, Department of Political Science, McGill University, and author of 'The Myth of the Shrinking State: Globalization and the State in India'
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