India's Finance Minister referred to the financial aid given by Britain to his country as nothing more than 'peanuts', it is claimed.
It is also claimed that Pranab Mukherjee and other Indian ministers tried to reject the money - around £280million a year - from the UK in 2011, but the British Government 'begged' them to take the money.
The Sunday Telegraph claims that the Indian government were disposed to reject the money in April last year, because of the 'negative publicity of Indian poverty' highlighted by the aid.
Rejected: RAF Typhoons fell to second place, despite the belief that controversial aid packages would secure the India contract for Britain
According to official transcripts, Mr Mukherjee said: 'We do not require the aid. It is a peanut in out total development exercises.'
India's economy is booming - and may eclipse Britain's economy within the next decade.



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