After much sound and fury, UK to end India aid scheme in 2015
Agencies: London, Nov 09 2012, 18:54 IST
"We should recognise that as countries get richer, we need to be responsible about how we transition in our relationship with them from aid to trade."
The Prime Minister has pledged to spend 0.7 per cent of national income on development programmes abroad and the budget will be worth 12.6 billion pounds by 2014.
This commitment will not be affected by today's announcement and officials said money saved from aid to India was likely to be spent on development schemes in poorer parts of the world.
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