Prime Minister: Manmohan Singh
The gold airlift, liberalisation, and a floating rupee.
Rupee per dollar
₹45.65
−5.5% on 2009
Inflation
11.99%
+1.11 pts on 2009
GDP growth
8.5%
+0.64 pts on 2009
Reserves
$300,480m
+5.5% on 2009
External debt
$290,428m
+13.3% on 2009
Brent crude
$79.61
+28.9% on 2009
sports infrastructure / procurement
OC chairman Suresh Kalmadi (INC) was arrested by the CBI on 2011-04-25. 19 FIRs were filed. Delhi courts later accepted CBI and ED closure reports in several cases (ThePrint, 2025), so most money cases did not end in conviction.
ReportedPress. Source: iPleaders legal timeline; ThePrint 2025 (closure reports); TheBridge
ASEAN–India Trade in Goods Agreement
Goods only; services and investment followed later.
ReportedOfficial record. Source: Wikipedia "Free trade agreements of India"; DGFT Appendix 2A
India–Korea CEPA
ReportedOfficial record. Source: Embassy of India Seoul; DGFT Appendix 2A
land / housing (defence land, CRZ)
Flats meant for Kargil war widows and veterans went to politicians, bureaucrats and officers. CM Ashok Chavan (INC) resigned in 2010-11. The Patil Commission (2013) found 25 illegal allotments, 22 of them by proxy. The Bombay HC ordered demolition on 2016-04-29 (stayed on appeal). The Governor later refused sanction to prosecute Chavan.
ReportedPress. Source: Wikipedia "Adarsh Housing Society scandal"; LiveLaw / SCC Online 2016-05
defence procurement
12 AW101 helicopters. The service ceiling in the specification was cut from 6,000 m to 4,500 m, allegedly to favour the bid. India cancelled the contract on 2014-01-01. Named middlemen: Christian Michel, Guido Haschke, Carlo Gerosa. In Italy, Finmeccanica CEO Orsi and AgustaWestland CEO Spagnolini were convicted on appeal, the conviction was set aside by the Cassation court (2016-12), and they were acquitted in the 2018-01 retrial ("insufficient proof"). The Indian cases continued.
ReportedPress. Source: ThePrint (Italian acquittal); FlightGlobal; The Quint explainer; The Wire
| Creditor | Instrument | Amount | US$ m | Status | Grade |
|---|---|---|---|---|---|
| World Bank, IBRD | Lending commitments, FY ended 2010-06 | 6.7 USD bn | 6,700 | Committed. Loan-level terms not extracted. | reported |
| World Bank, IDA | Credit commitments, FY ended 2010-06 | 2.6 USD bn | 2,600 | Committed. India's IDA eligibility ended around FY2014 (not re-verified). | reported |
Rows are listed as recorded. Some describe the same loan from different sources and must not be added together.
