Just so we are clear…

India can survive without UK aid. While we may not murmur when lectured to, we certainly won’t starve in case you change your mind…

Finance Minister Pranab Mukherjee 

…said during Question Hour that New Delhi has “made it clear” to the Cameron administration that “we will voluntarily surrender” aid should UK decide to cut it.

external assistance forms just 0.4 per cent of India’s GDP and its share in the total budgetary expenditure on developmental schemes has gone down to 2.5 per cent from 3.4 per cent. “It is peanuts in our total development expenditure,” he said.


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