Sub­si­dies Set to Fall to 1.3% of GDP

The Economic Times - - Economy: Macro, Micro & More Looking Ahead: 3-year -

Sub­si­dies are bud­geted to de­cline to1.3% of GDP by FY20 from1.4% in FY18 be­cause of sta­ble fer­tiliser sub­sidy and de­clin­ing fuel sub­sidy more than com­pen­sat­ing for rise in food sub­sidy. “In con­tin­u­a­tion of the ef­forts of the Gov­ern­ment to ra­tio­nal­ize sub­si­dies, the Gov­ern­ment has de­cided to in­crease the cost of LPG Cylin­ders @4 ru­pees per month.”

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