Cutting DfID “aid” to India
Tuesday, July 20, 2010
What better rationale for cutting largely ineffective aid to India than Indians themselves saying that the prospect of DfID leaving their country “is not a concern”? Stripping £300 million from our bloated aid budget may go un-noticed in recipient countries, but it would make a huge difference given the parlous state of our public finances.
As we’ve said before, taking DfID out of India need not cut our ties with this emerging giant. On the contrary, cutting the wasteful spending and providing better incentives for British business to increase their investments into India—which are already more than the annual aid budget anyway—would be a much better way to foster close ties.