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India's Budget Allocates Massive Subsidies to Support Key Sectors
Recent fiscal initiatives in India demonstrate a strategic focus on providing financial support to critical sectors of the economy. According to Jin10, the Ministry of Finance plans to allocate 120.85 billion rupees as aid to the oil sector. At the same time, budget expenditures include 1.7 trillion rupees for agricultural subsidies aimed at ensuring stability in the farming sector and supporting farmers. Additionally, 2.28 trillion rupees are allocated for subsidizing food commodities that are strategically important for ensuring food security for the population. This comprehensive subsidy system reflects the government's intention to stabilize prices for essential goods, support the agricultural sector, and stimulate economic growth.