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Budget in graphics: Subsidies

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.

Story first published on: February 22, 2013 19:13 (IST)

Tags: Budget 2013, Union Budget

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