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India's government subsidy costs for 2024-25 may exceed Rs 4.1-4.2 lakh crore, driven by food and fertilizer.
The Bank of Baroda reports that India's government subsidy costs for the 2024-25 financial year will likely exceed estimates to around Rs 4.1-4.2 lakh crore, with food and fertilizer subsidies seeing the biggest increases.
This rise is due to higher costs from increased Rabi crop support prices and a stronger US dollar.
The overall subsidy bill is forecast to drop to about Rs 4 lakh crore in the following year.
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Los costos de subsidios del gobierno de la India para 2024-25 pueden exceder Rs 4.1-4.2 lakh crore, impulsados por alimentos y fertilizantes.