Economic crisis: US aid to India drops
Noting that India's dramatic growth has lifted millions out of poverty, it said much of this growth can be attributed to India's leadership and experience in developing products, processes, and service delivery models that benefit vulnerable populations, thus giving justification for reduction in US assistance to India.
But the aid will not end in the near future, it indicated.
In fiscal year 2013, the US will work with the Government of India, private sector, and civil society to identify, pilot, and scale up cost-effective innovations and best practices in development in India with the potential for global impact, it said.
"The India platform could serve as a new model for other emerging middle-income countries with significant pockets of poverty.
"India also faces both internal and external security challenges, and US assistance continues to support its critical role as a leader in maintaining regional stability," the State Department said in its report to the Congress.
It said in the year 2013, the US will deepen cooperation on counterterrorism issues with both capacity building activities and policy dialogues.
According to the State Department, USAID and India is currently developing its new five-year strategy.
With India as a development innovation lab, USAID and its partners will identify, pilot, and scale cost-effective innovations and practices with potential for global impact.
In recognition of India's unique position as an emerging global power, the US Government will collaborate with the public and
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