Aid Charade: UK wants 'peanuts' back

A nuclear power with its own space program receiving humanitarian aid from London. But as the Indian economy gears up to overtake Britain, many in the UK say they should no longer pour money into one of world's fastest growing countries.

Clamor in Britain is growing to slash the $440 million Britain gives to India after New Delhi said it would voluntarily give up the money. The British media revealed recently that India's finance minister Pranab Mukherjee told the Indian parliament: "We do not require the aid. It is a peanut in our total development spending".
Within a decade, economists predict India will have overtaken the UK to become the world's 5th largest economy, which makes some experts suggest that the aid might even start flowing in the other direction. Source