India and the World Bank: The Politics of Aid and Influence

'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 Indias recent rapid growth and expanding access to private capital, has been caught up in a complex federal politics of reform and development. Indias central government - far from being in retreat - has been the main driver of dramatic changes in the Banks assistance strategy, leading toward a focus at the sub-national state level.