INDIA has more import than its export.this increases fiscal - TopicsExpress

INDIA has more import than its export.this increases fiscal deficit .INDIA spends 15% (nearly$47bn)of its total budget in providing subsidy .on fuel, food , fertiliser , and other major subsidities. INDIA expends $24 bn alone on fuel subsidy . so cutting subsidies is expected to be the best medicine for filling fiscal deficit. this medicine is very effective but having a bad taste. the poors and most of the middle class is not ready to take this hard medicine . Govt. should prepare them mentally and then can take steps for this revolution in economic sector.

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