'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.