India may earmark $48 bln for next year’s food, fertiliser subsidies
A farmer spreads fertiliser on his field in Satara district, Maharastra. File | Photo Credit: Reuters India may earmark about $48 billion for food and fertiliser subsidies for the next fiscal year, two government sources said, indicating fiscal caution ahead of this year’s general election. Food and fertiliser subsidies account for about one-ninth of India’s…
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