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…

Angola: Powering A Booming Economy with Renewables

Alternative, renewable energy is not merely an afterthought in oil-rich Angola as the country seeks to diversify its booming economy.

Martin Höfeler: Fashions Come and Go, but Style — and Environment — are Forever

It’s all about sustainability in 2022, and there’s likely to be no lessening of focus in coming decades. Sustainability matters,

Accenture on Saudi Arabia’s AI Revolution: Leading the Next Wave of Enterprise Transformation

As the global technology landscape undergoes a seismic shift with the rise of agentic AI, Saudi Arabia stands at a