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Fiscal Cost of Subsidies: As India is a developing country, hence, there are limited budgetary resources to enhance subsidies net coverage to far more population. In the central budget, the food subsidy amounts to Rs. 2.06 lakh crore, which is almost 1.9% of the GDP in 208-19 and 2.5% in 2024-2024. See more With limited budget, poor targeting and leakages we need to focus on commodities which are considered “essential” and “merit” goods. See more Web14 May 2024 · The Centre's fertiliser subsidy bill is set to soar by 62% over the budgeted amount to Rs 1.3 lakh crore in FY21. Since non-urea (MoP, DAP, complex) varieties cost … body shops batesville ms
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