Budget 2016
Home | Budget |

Budget in graphics: Subsidies

EMAIL
COMMENTS
Budget in graphics: Subsidies

Subsidies: A financial assistance extended by the government to a particular sector or industry to keep it afloat or to encourage production and expansion of the industry. India's policy of extending significant subsidies across sectors has been blamed for causing inefficiency and distortionary effects in the economy.



ALSO READ India's Petroleum Consumption To Grow 6% In FY18: Moody's

Advertisement

Advertisement

The financial services industry has been the backbone of the Indian economy, say...

LIVE BLOG

Advertisement