India's Budget Proposal Includes Significant Subsidies for Oil, Fertilizers, and Food

India's latest budget proposal outlines substantial allocations for subsidies across key sectors. According to Jin10, the government plans to allocate 120.85 billion rupees for oil subsidies. Additionally, the budget includes a provision of 1.7 trillion rupees for fertilizer subsidies, aiming to support the agricultural sector. Furthermore, food subsidies are expected to reach 2.28 trillion rupees, reflecting the government's commitment to ensuring food security. These allocations highlight the government's focus on stabilizing essential commodities and supporting economic growth.