Budget 2024: Govt allocates Rs 5,700 crore for loans to foreign govts. Here are the top 10 overseas borrowers

February 1, 2024

The Indian government has allocated ₹5,667.56 crore as grants and loans to foreign governments for the fiscal year 2024-25. Bhutan is the primary recipient of Indian government grants and loans. The loan provided in the fiscal year 2023-24 exceeded the budget estimates for grants and loans in 2024-25. Finance Minister Nirmala Sitharaman highlighted the challenges posed by the Covid-19 pandemic, conflicts, and geopolitical shifts. She also emphasized India’s achievements and its role in global problem-solving.

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