India is becoming less dependent on aid: Gates

by Paul Joseph on February 9, 2013 · 0 comments

Mr Gates, co-founder of software giant Microsoft, said India is becoming less dependent on aid and finally would not need it. Mr Gates said in his annual letter, “The good news on resources is that many developing countries have growing economies that allow them to devote more resources to helping their poorest people. India, for example, is less dependent on aid and will eventually not need it.” Mr Gates, co-chair of Bill & Melinda Gates Foundation, aid is critical as it helps in meeting the basic needs of people in the poorest countries. Bill gates is actively involved in various developmental activities in many countries, including India. “Unfortunately, aid generosity is threatened by big deficits in almost all of the rich countries … A single story, true or not, about a small amount of aid being misused can often cloud the entire field,” he noted. “The direction in many countries, including the United States, France, Germany, and Canada, is unclear,” he added. He expressed optimism that things would be even better in next 15 years. “The lives of the poorest have improved more rapidly in the last 15 years than ever before, yet I am optimistic that we will do even better in the next 15 years. After all, human knowledge is increasing,” he added. Source – PTI ©2009 Copyright by Invest In India

[via Invest In India]

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