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Q.

A news item in ToI yesterday was about UK stopping the 1.6 Billion Pound Sterling aid by 2015, which it has been regularly giving annually to India since long now. UK PM said India has become economically sound! Is he right?

Tags: india, money, pound
Asked by QueSera Sera, 20 Mar '12 12:34 pm
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Answers (3)

1.

Yes,sir.He is right.Our Govt. has been claiming an increase in our GDP.Our exports have gone up with matching increase in our imports.But unfortunately,inclusive growth has not taken place.Our economic policy has made the rich richer n poor poorer.The Britain aid was meant for the poorest of the poor.Though the aid was like a peanut for a large economy like ours ,we needed them for the BPL people.The reason for cancellation of the loan is not India's rate of growth but for not placing orders with Britain for purchase of war planes.The orders were placed with France.So,it is a political decision.
Answered by Damodar Biswal, 20 Mar '12 12:48 pm

 
  
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2.

Not entirely . It's mainly becase Indian Air Force have selected French Combat Aircrafts in a tough competition given by the British one . Britain was damn sure that their country's manufacturer would get the contract as I ndia has always been looking for help towards UK / USA .
Answered by Dharmbir Sinha, 20 Mar '12 12:43 pm

 
  
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3.

Yes ..... India become self sufficient ........ instead of UK we should say stop now ....... if we are not self sufficient also we need to learn to earn and plan our budget accordingly ....... these aids are the causes of coruption & scam to some extent ........
Answered by pradeep mishra, 20 Mar '12 12:39 pm

 
  
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