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Rising Subsidy Culture Threatens India’s Fiscal Sustainability

Rising Subsidy Culture Threatens India’s Fiscal Sustainability Syllabus: GS-2: Fiscal Policy , Monetary Policy, Mobilization of Resources Why in the News ? The 16th Finance Commission (FC) and a recent Asian Development Bank (ADB) study have raised concerns about the rapid growth of subsidies and unconditional transfers in India. These expenditures are expanding faster than …

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