The UK will stop its financial aid to India by 2015, the international development secretary, Justine Greening, has announced.
Support will gradually be cut about £200m between 2013 and 2015 before being stopped completely.
This is a sensible decision taken by the government, but one that is rather overdue, India is one of the world’s fastest growing economies with its own space programme, I really don’t think they need a measly couple of hundred million pound contribution from us, it’s like a direct debit payment that we’ve only just realised we need to cancel.
The government has also re-evaluated our financial stance with India and will in future deal with them in a much more productive way that is beneficial to both, this new relationship will see a further shift towards skillsharing and bilateral trade.
Hopefully this important step will enable the government, which has a longstanding commitment to spend 0.7% of national income on aid, to focus on countries that need it most.
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