UK to end financial aid to India by 2015

UK to end financial aid to India by 2015

The UK is to end financial aid to India by 2015 says international development secretary Justine Greening.

Support will gradually be phased out between now and 2015, saving £200m and the UK’s focus will then shift to offering technical assistance.

Ms Greening said the move, which will be popular with Tory MPs, reflected India’s economic progress and status.

India’s foreign minister Salman Khurshid says aid is the past and trade is the future.

He also said the UK’s financial support to India, one of the world’s fastest-growing economies, has been a cause of concern among Conservative MPs, many of whom believed that, the UK should not be giving money to a country which has a multi-million pound space programme.

© 2012 SAT Telecommunications Ltd.

Scroll to top