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…
Nigeria: An Economic Upswing Foretold
Oil prices have rebounded from their recent lows and may yet provide temporary relief to Nigeria, allowing the incoming administration
Greece on the Mend: Investors Find New Land of Opportunity
The severely battered Greek economy is on the mend. A rebound may even be in the works. The same hedge
CFI.co Meets Chitra Ramkrishna
Ms Chitra Ramkrishna is the Managing Director and Chief Executive Officer of the National Stock Exchange, the world’s second largest
