Britain will no longer give India financial aid from 2015 but will in the future support areas like trade and investment and health.
After reviewing the programme and holding discussions with the Government of India this week, we agreed that now is the time to move to a relationship focussing on skills-sharing rather than aid.
Having visited India I have seen first hand the tremendous progress being made. India is successfully developing and our own bilateral relationship has to keep up with 21st Century India. It’s time to recognise India’s changing place in the world.
It is of course critical that we fulfil all the commitments we have already made and that we continue with those short-term projects already underway which are an important part of the UK and Government of India’s development programme.
More top news
Ross Brennan, 28, conspired with Aarron Gledhill, 30, to import and sell powerful class A drugs to thousands of customers.
Pyongyang's foreign minister said Donald Trump's aggressive rhetoric is regarded as a legitimate "declaration of war".
Former congressman Anthony Weiner has been jailed over an underage sexting scandal which helped rock Hillary Clinton's election campaign.