The total amount of soft loans that India has committed in the past 14 years is about $24.2 billion, in over 60 developing countries. [...] The fact that India has loaned out capital amounting to nearly 1% of its current GDP is a clear indicator of  the primacy of ‘aid’ as a diplomatic tool. “If you are seen by most people as playing a benign developmental role, then you strengthen your credentials of contributing to global good…If you want to be seen as a leader, then you must act like one,” said a senior MEA official.