Story highlights Trump singled out India when announcing decision to quit climate pact

India is third largest emitter of carbon dioxide in the world, behind China and US

New Delhi (CNN) India has hit back at US President Donald Trump, after he accused the country of receiving "billions" of dollars in return for signing the Paris Agreement on Climate Change.

"First of all, there is absolutely no reality [in what Trump alleged]," India's Foreign Minister Sushma Swaraj told reporters Monday.

"India signed the Paris agreement not because of pressure from any country nor greed. We signed the agreement because of our commitment to protecting the environment."

Trump had singled out the South Asian country during a speech last week outlining his decision to end US involvement in the landmark climate deal.

"India makes its participation contingent on receiving billions and billions and billions of dollars in foreign aid from developed countries," said Trump.

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