India really has outgrown the need for UK aid
Evening Standard
British aid to India was once an admirable, benevolent gesture. But to carry on giving aid is a colossal failure to understand how the country has changed.
Just consider the new India. The ninth largest economy in the world by GDP, it is growing at over seven per cent and is predicted to overtake the UK by 2022. There are more billionaires in India than in this country. Since India gained independence in 1947, Indians have squirrelled away more than £900 billion in Swiss bank accounts, more than the rest of the world combined. India also gives £3.5 billion of aid to Africa and is spending £2 billion to put Indians into space.
British aid to India was once an admirable, benevolent gesture. But to carry on giving aid is a colossal failure to understand how the country has changed.
Just consider the new India. The ninth largest economy in the world by GDP, it is growing at over seven per cent and is predicted to overtake the UK by 2022. There are more billionaires in India than in this country. Since India gained independence in 1947, Indians have squirrelled away more than £900 billion in Swiss bank accounts, more than the rest of the world combined. India also gives £3.5 billion of aid to Africa and is spending £2 billion to put Indians into space.
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