Macroeconomics

The UK’s Decision to Phase-Out Aid to India: Progressive or naïve?

By Anne Evered. Stanford University. 

On November 8 of this year, the United Kingdom announced that it will be phasing out £200m ($319m) worth of aid to India between now and 2015. Justine Greening, the UK’s international development secretary, gave the official statement. Greening, who visited India the week of the announcement, said the decision reflects the country’s growing economy and progress. “The growing two-way trade and investment between our two countries means that our development partnership should increasingly be about trade not aid,” Ms. Greening commented.

The controversial decision has been simultaneously praised as forward-thinking and criticized for being hasty.

Read the full paper here.