Nonsense!
To put it perspective, here's an excerpt from a 1992 paper Foreign Aid and India:
Financing the Leviathan State by Shyam J. Kamath:
India has received more foreign aid than any other developing nation since the end of World War II--estimated at almost $55 billion since the beginning of its First Five-Year Plan in 1951
Beyond that, India was the fourth largest recipient of aid (ODA) between 1995 to 2008 (US$26.1 billion).
After the increase of British aid to $500 million (300 million pounds) a year, India will still remain the biggest recipient of Japan's official development assistance (ODA) in the near future. Since Japan's first ODA to India in 1958, the country has received monetary aid worth Rs 89,500 crore (Rs 895 billion) so far, according to Noro Motoyoshi, Japanese consul general in Kolkata. In 2008, Japan's ODA to India was up by more than 18% compared to 2007 at Rs 6916 crore (Rs 69.16 billion).
The World Bank said recently it will lend India $14 billion in soft loans by 2012 to help the country overhaul its creaking infrastructure and increase living standards in its poor states, according to Financial Express.
At the recent G20 meeting, India has asked the World Bank to raise the amount of money India can borrow as soft loans, generally considered aid, from the bank for its infrastructure projects, according to Times of India. At present, India can borrow up to $15.5 billion in soft
loans as per the SBL (single borrower limit)in soft loans fixed by the Bank.
The Indian government has estimated it needs $500 billion over the five years to 2012 to upgrade infrastructure such as roads, ports, power and railways.
India would get ZERO direct or indirect aid if the US did not agree, given the extraordinary power the US has over its allies like the UK and Japan and the IFIs like IMF and WB.
Haq's Musings: Foreign Aid Continues to Pour in Resurgent India