India may earmark $48B for next year’s food, fertilizer subsidies

NEW DELHI  —India may earmark about 4 trillion rupees ($48 billion) for food and fertilizer subsidies for the next fiscal year, two government sources said, indicating fiscal caution ahead of this year’s general election. Food and fertilizer subsidies account for about one-ninth of India’s total budget spending of 45 trillion rupees during the current fiscal
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