November 09, 2012 at 08:08 AM EST
UK to India: You Don't Need Our Aid Anymore
Since the East India Company was granted a royal charter in India in 1600, the U.K. has always had a foothold in India, be it through business, trade or international aid programs. On Friday, however, the U.K. has announced that it will no longer be giving financial aid to India, a sign that one of the world's original BRIC economies is now more "established" than "emerging" economy.
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