Replacing Aid with Trade
Swaminarayan Akshardham Temple, Delfi
Modern India, boasting its own space programme spends 70 billion pounds annually in fighting poverty and no longer needs British aid. Earlier this year, finance minister Mukherjee described Britain’s eight year, 1.6 billion pounds programme as ‘a peanut’. This peanut is hard to for India to swallow and the UK is working on plans to wind down aid from the International Development Agency. Some of the 650 million pounds due to be spent over the next thirty months will be saved as Britain replaces aid with trade. It is widely thought that the UK government should not be providing millions in aid to booming countries such as Brazil, India and China.
You may have an interest in also reading…
Synthetic Methane’s Opening Window for Investors and Policy Makers
Synthetic methane is moving from technical curiosity to investable relevance because it offers something rare in the transition: a lower-carbon
NSE’s Resilience Blueprint: Scale, Trust, And Sustainable Market Growth
In an era where market participation is widening, technology loads are compounding, and volatility can arrive without warning, the National
World Bank: How to Accelerate Growth and Progress in Developing Economies
Amid a barrage of shocks during the past four years, the global economy has proved to be surprisingly resilient. Major
