Re: UK aid budget should go to other nations
I first saw this ‘UK aid to India’ meme in the 1990s. Pretty much any time India does something significant, there’s a kerfluffle “how dare they do that with OUR money ?” The consistency of this Pavlovian response is very interesting.
India’s current foreign exchange reserves are around $580-590 billion, after China, Japan, Switzerland and regularly trading the #4 spot with Russia. $225 billion is in US treasuries as their own data shows. About $50 billion in BOE debt.
In other words India currently lends the US and UK more than all the ‘aid’ ever received by India... ever.
This whining is so out of touch with reality, but hey if someone’s going to hand me money and then complain like clockwork that they just handed me money, I’m not going to care.