As part of the UK's aid budget, the Department for International Development (DfID) will give £52m this year and a further £46m in 2019/20.
It comes despite India spending £95.4m on the lunar probe, Chandrayaan-2, which is set to launch in January.
Meanwhile, India gives away more in foreign aid than it receives - in 2015/16 it took in £254m but gave away £912m.
Tory MP David Davies said India did not "want or need" UK aid and that "in effect we are sponsoring an Indian moon launch"....
DfID told the Daily Express "traditional" aid to India had ended and that it was now working to deliver joint economic development priorities.
It also said the money sent to India would "help stimulate prosperity, generate jobs, develop skills and open up new markets for both countries".
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