UK Aid goes up in Smoke

Seems an Indian rocket carrying a communications satellite exploded not long after launch.

India, a country we give over 500 million dollars in aid to every year (615 million in 2010).

Why the hell are we giving money to a country with a space capability? Why are we giving aid to the 11th largest global economy? If there's poverty in India thats their lookout, they obviously have the money to reduce it should they chose to do so.