The International Development Secretary will tell MPs that from today no new aid programmes and contracts will be agreed for financial assistance to India, which is rapidly emerging as one of the world’s most powerful economies.
Existing schemes that have already been agreed will continue until the last of them concludes in 2015, when all UK financial aid to the country will cease…
Officials said Miss Greening was told that the Indian government valued Britain’s “technical assistance” far more than money…
Miss Greening said: “After reviewing the programme and holding discussions with the Government of India this week, we agreed that now is the time to move to a relationship focussing on skills-sharing rather than aid.
“Having visited India I have seen first hand the tremendous progress being made. India is successfully developing and our own bilateral relationship has to keep up with 21st Century India.
The UK’s overall financial contribution to India since the Coalition took office is expected to total more than £1 billion.
After 2015, the contribution of Britain’s technical expertise to development programmes in India will cost an estimated one tenth of the current total aid budget to the country.
As existing grants are phased out, the government expects to save around £200 million over the next three years…
Any discussion – in the UK or India – on how the value of that increase in India’s wealth, power and commercial strength will trickle down to the ordinary people already overlooked by the aid programmes?
A parallel examination of India’s corruption shows no sign of diminishing any time soon.