A decision, India will no longer receive financial aid from the UK , will be implemented from January 1 2016, which was taken by the British government in 2012 after a domestic outcry about India’s growing economic status. In 2012, then finance minister Pranab Mukherjee had famously said British aid was “a peanut” (sic) in India’s total development spend and that the country could very well do without it.

UK international development secretary Justine Greening had announced three years ago that Britain`s aid to India would end by the end of 2015, as the two countries developed “a new kind of relationship”.

This whole process has taken three years during which the existing financial grant projects were completed and the unutilized funds moved into what are called “technical assistance” projects. The Indian government said in 2014-15 and 2015-16, five new agreements have been signed for technical assistance projects in the areas of agricultural reforms, urban infrastructure, energy access, etc. Under the new parameters technical cooperation will focus on policy and skills.

UK provided:

As per the statistics released by the Department for International Development (DfID), India received GBP 279 million in 2014, a GBP 10 million increase over the previous year.

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