Yes, I think they described it as 'peanuts'. It's in the form of investment as well, but if they don't want it and we can't afford it, it's odd that it carries on. I'm sure it's a complex matter.
I mean, we certainly can afford it, far more so than e.g. PPE Medpro, but it's worth questioning what it's actually for. Which will require more granularity than "India", since it's not going to the Indian government.
From a Guardian article: A Foreign Office spokesperson said: “Since 2015 the UK has given no financial aid to the government of India. Most of our funding now is focused on business investments which help create new markets and jobs for the UK, as well as India. UK investments are also helping tackle shared challenges such as climate change.”