Q.3 What are the factors that explains the ballooning food subsidy amount in the Union Budget? What are the implications of such inefficiencies in subsidy? Suggest the way forward. (10 Marks)

Mentor’s comment- https://indianexpress.com/article/opinion/columns/what-indian-agriculture-needs-from-budget-7748835/  In the intro, mention the budgeted estimate of Rs. 2.43 lakh crores for food subsidy. In the body, mention the factors such as low issue price, large population coverage, high economic cost to FCI, weak PDS governance etc. In the implictions mention leakage and water export from India. In the suggestion mention, … Continue reading Q.3 What are the factors that explains the ballooning food subsidy amount in the Union Budget? What are the implications of such inefficiencies in subsidy? Suggest the way forward. (10 Marks)