UK still gives aid to India dressed up as ‘business investments’: Britain watchdog

In 2012, India’s then finance minister, Pranab Mukherjee, had famously described Britain’s annual £280 million (Rs 2,798 crore) aid to India as “peanuts” and British critics at the time questioned why Britain was giving aid to India if India was funding its own space programme and had its own foreign aid budget. In 2017, the Indian government stated it gave more foreign aid to countries than it received.