South Asia
Operation Vijay, annexation of Goa, Daman & Diu
Minor fiscal cost; Goa's iron-ore export trade (to Japan/Europe) came into the Indian customs area
ReportedOfficial record. Source: Govt of India; UN SC debate Dec 1961
Prime Minister: Jawaharlal Nehru
The Age Of Stars
Partition, planning, aid consortia and nationalised banks.
Vol. LXXXVIIThe edition of 1961 · The Planned Republic8 records
- Prime Minister
- Jawaharlal Nehru
- President
- Rajendra Prasad
- Finance Minister
- Morarji Desai
- RBI Governor
- H. V. R. Iengar
Bank Rate
4%
unchanged on 1960
Rupee per dollar
₹4.76
unchanged on 1960
Inflation
1.7%
−0.08 pts on 1960
GDP growth
3.72%
No figure for 1960
Reserves
$666m
−1.2% on 1960
Arabian Light
$1.8
−5.3% on 1960
War & Unrest
1 itemSouth Asia
Operation Vijay: annexation of Goa, Daman and Diu
Minimal direct cost. Western (US/UK) diplomatic criticism; iron-ore export base (Goa) brought into the Indian customs area.
ReportedPeer-reviewed. Source: general histories
The Ledger: what was borrowed in 1961
Full ledger →| Creditor | Instrument | Amount | US$ m | Status | Grade |
|---|---|---|---|---|---|
| IMF | GRA drawing (multi-currency incl. yen) | 122.5 | repaid | verified | |
| IDA | Credit P009610, 1961-06-21, India's first IDA credit | 60 USD | 60 | repaid | verified |
| Aid India Consortium (meeting 1961-05-31 to 06-02) | Pledges for the first two years of the Third Plan | 2,225 USD | 2,225 | disbursed over 1961-63 | verified |
| IDA | Cumulative IDA commitments to India: 403 operations, ~14% of all IDA commitments ever; IDA's largest borrower | 46,700 USD | 46,700 | graduated FY2014 | verified |
| Aid-India Consortium | Pledges for the first two years of the Third Plan (meeting 1961-06-02) | Pledged | reported | ||
| IDA | First IDA credits to India (FY1961) | Disbursed | unknown |
Rows are listed as recorded. Some describe the same loan from different sources and must not be added together.
