Fact Check: India Didn’t Take Loan From World Bank Between 2015-2018?

The Logical Indian Crew India

January 14th, 2019 / 5:11 PM

India World Bank Loan

Representational Image

Reportedly, a WhatsApp forward claiming India in over 70 years of its independence, only did not take any loans between 2015 and 2018 which falls under Prime Minister Narendra Modi’s governance, has been making rounds on social media.

What is the claim?

The message, according to The Quint reads, “In the 70-year history of Hindustan, there are only 3 years in which Hindustan did not take loans of one rupee from World Bank. And they are – 2015-16, 2016-17, 2017-18.”

Similar messages also made rounds on Facebook, Twitter and WhatsApp in 2018 as well as in 2017. AltNews conducted a fact check in 2018 which revealed that a Twitter handle @Sagrika4india which is followed by railway minister Piyush Goyal’s Office shared the same post. The post today has 1,277 likes and over 450 retweets.


70 साल के इतिहास में केवल 3 साल ऐसे हैं जब भारत ने वर्ल्ड बैंक से कर्ज नहीं लिया2015, 2016, 2017ये मोदी की विफलता है…

Dushyant Mankad ಅವರಿಂದ ಈ ದಿನದಂದು ಪೋಸ್ಟ್ ಮಾಡಲಾಗಿದೆ ಶನಿವಾರ, ಜೂನ್ 2, 2018

A Facebook page with the name Sutinder Chhabra had shared the same post on May 31, 2018. The post till date has a whopping 89,000 shares.

70 साल के इतिहास में केवल 3 साल ऐसे हैं, जब भारत नेवर्ल्ड बैंक से कर्ज नही लिया2015, 2016, 2017

Sutinder Chhabra ಅವರಿಂದ ಈ ದಿನದಂದು ಪೋಸ್ಟ್ ಮಾಡಲಾಗಿದೆ ಬುಧವಾರ, ಮೇ 30, 2018


What is the reality?

The Logical Indian went through World Bank data of three years which showed that between 1/1/2015 and 31/12/2018, a whopping 66 projects were funded by international financial institutions. One of the biggest loans, worth US $1.5 billion, was issued in favour of the Swachh Bharat Mission Support Operation on 15 December 2015, reported AltNews.

Source: World Bank

Moreover, a report published by the World Bank in 2016 showed that India is the largest recipient of loans among all countries since it became independent. Between 1945 and 2015, World Bank lent $102.1 billion to India. The amount only went higher up in the next three years.

The Logical Indian take

As citizens of the country, we have a certain responsibility. While trolls and parody accounts have taken the responsibility upon themselves to share as much false information as possible, it is our responsibility to differentiate between what is true and what isn’t, while making others aware about the issue too.

Creating or sharing fake news is never justified. We have a responsibility to verify everything that we post on the internet. To ensure that our national debate is healthy and well-informed, each and every one of us has a responsibility of treating what we read with a pinch of salt, a spoonful of doubt, and a flood of research.

Also Read: Fact Check: No, Sonia Gandhi Is Not Richer Than The Queen Of England


Written by : Sromona Bhattacharyya

Edited by : Poorbita Bagchi

Share your thoughts..

Related Stories

Republic TV Morphed Image

Fact Check: No, ’21 Sikh Regiment’ Didn’t Refuse To Fight For India

Indian Adoption Agencies

60% Children Adopted In India Between 2015 & 2018 Were Girls, Reveals Govt Data

MP Farm Loan Waiver

After Rajasthan, MP Farmers, Who Didn’t Take Out Loan, Allege Having Names On Waiver List

Indian Ranks Human Capital Index

India Ranks 158th In The World Human Capital Index: World Bank

Rahul Gandhi Fake Picture

Fact Check: From A Fake Picture Of Rahul Gandhi To Comparison Between Modi And Hitler

Fact Check: WB Govt Didn’t Issue A 5-Day-Long Eid Holiday; Kolkata Police Begins Probe

Latest on The Logical Indian


Madhya Pradesh: Brothers & Uncle Rape & Behead 12-Yr-Old Girl


Proud Moment: India Bags 368 Medals At Special Olympics 2019 In Abu Dhabi

Get Inspired

This People’s Movement In Karnataka Is Fighting To Save 21 Lakh Trees On Western Ghats


Just 6 Days After New Zealand Mosque Massacre, PM Jacinda Ardern Bans Assault Rifles


India Figures 140th In UN World Happiness Report; Finland Tops List Second Year In A Row


Ahead Of General Elections, Social Media Platforms Agree To ‘Code Of Ethics’


Stories that deserve attention, delivered to your inbox!

Handpicked, newsworthy stories which deserve the attention of a rational generation.