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Friday, 2 December 2011

How India squanders British aid

Britain gives £1.4billion in aid to a country that has its own space programme.

The country is racing up the league of rich nations. Indeed, its soaring economy will outstrip


 the UK’s by 2022. According to financial advisers Merrill Lynch, India has 153,000 dollar-


millionaires — a 20 per cent rise in a year, compared with Britain’s own paltry increase of less 


than 1 per cent.



Indians have squirrelled away more money in Swiss bank accounts (a total of £900 billion since independence from Britain in 1947) than the rest of the world combined.



International Development Secretary Andrew Mitchell has committed Britain to spending £29billion in aid between 2012 and 2015

http://www.dailymail.co.uk/debate/article-2068856/How-India-squanders-British-aid.html

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