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Economic Survey: Food subsidies grew by 400% to Rs 5.25 trn The steep rise in food subsidy bill was on account of Pradhan Mantri Garib Kalyan Ann Yojana introduced as part of the Economic Response to Covid-19
Budget 2022 : Nearly 60 % of the increase in revenue expenditure during 2020-21 was due to increase in major subsidies. The major subsidies registered a growth of over 200 per cent in 2020-21 over 2019-20, Economic Survey 2021-22 said. This increase was driven by almost 400% growth in food subsidies from Rs 1.09 lakh crore in 2019-20 to Rs 5.25 lakh crore in 2020-21. The steep rise in food subsidy bill was on account of...read more