Political economy of external aid for education in India

Following the structural adjustment policies, a social safety net programme was launched in India, primarily aimed at protecting the sectors of primary education and primary health care in the beginning of the 1990s. The paper presents a critical review of the politico-economic dynamics of the business of aid for education in India, and in the process reviews the rationale for aid for education and its impact. It unravels quite a few important dimensions of the external aid business from which valuable lessons can be drawn for India and other developing countries.