Question Q.14GS3GS3

The agricultural subsidy regime in the country needs reforms to address the distortions it causes. Comment.

Main Body

An agricultural subsidy in India allows for agri-cultural output, limiting entry (16% of agri-cultural output), limiting growth of the industry. It urgently requires reforms. Distortions caused by subsidies in agriculture: (1) Market distortions - (MSP-led) Majorly rice & wheat lead to acquired values and wheat, & although mainly controlled by FCI, usually out private investment. (2) Fiscal distortions - Agri subsidies & 24% & BDP → significant fiscal burden. (3) Agri-cultured distortions -

— Prachet · AIR 193

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Topper

Prachet

AIR 1932025

Subject & Paper

GS3GS3

Topic

Agriculture and Food Security

Issues Related to Direct & Indirect Farm Subsidies & Minimum Support Prices

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