Rising Economy in IndiaIndia is among the developing countries in the world with a rapidly growing economy. It is rich in constantly increasing human capital. India is a member of the World Bank, which automatically makes it a member of other lending institutions such as the IMF. Partnering with lending institutions comes with good policies, although implementing some of these policies is difficult because most are designed to suit developed countries. Its association with lending establishments also allows it to benefit from loans. Short- and long-term loans are used to stabilize the economy and reduce poverty levels. The loans have led to growth in the Indian economy, its social and political scenes as well as the healthcare sector, ensuring a healthy nation with efficient human capital. Say no to plagiarism. Get Custom Essay on “Why Violent Video Games Should Not Be Banned”?Get the original essay First, the IMF came to India's rescue in times of foreign exchange crisis due to persistent balance sheet deficit payments. payments on current accounts. In the post-partition period, India experienced balance of payments problems, particularly with the dollar and other hard currencies. Its imports were essential as they included food products, capital goods and raw materials. Moreover, it could not increase its exports because this could cause serious shortages. The IMF loan was a crucial help. Second, the World Bank's establishment of the India Aid Club, renamed the International Development Forum, provides economic assistance to India. In addition, India enjoys the benefits of independent inspection and advice from the IMF as experts monitor the Indian economy. Additionally, projects in India such as river projects, land reclamation programs and communications development have benefited from the World Bank through the International Bank for Reconstruction, Development and others international funding agencies. These projects have a great social impact because people can benefit from agriculture and good communication networks. In New Delhi on December 13, 2017, the agreement between India and the World Bank also led to the provision of $250 billion for professional skills empowerment (LaRue, 2013). The Skill India mission operation enables young people to acquire skills in the job market after training for around six months. SIMO's mission is to specialize in the acquisition of entrepreneurial skills by women. Finally, Manmohan Singh welcomes the LPG reforms which have brought about a major change in the political scene in India, previously subject to the strict rules of Indira Gandhi. Narasimha Rao and Manmohan Singh influenced the westerly winds of changes regarding LPG while in the 1984 government and the RBI respectively (Fernando, 2011). The change became noticeable as Singh's endorsement of market liberalization was put into practice. This is how foreign direct investment has become commonplace in the country. These political reforms are, however, criticized because they are due to IMF conditions. However, India has seen the downsides of working with institutions like the IMF. This is mainly due to the conditions that are met to receive financial aid. The involvement of the IMF was accompanied by the involvement of its policies such as trade liberalization whose..