Back to Career News

Subsidies to Indian Farmers Much Lower in Contrast to Western Countries, Says Commerce Secretary

March 29, 2019

Subsidies to Indian Farmers Much Lower in Contrast to Western Countries, Says Commerce Secretary
Commerce Secretary Anup Wadhawan said that subsidies provided by the Indian government to the farmers are quite low compared to the western countries. He said that each farmer is allocated only 250 USD worth of subsidy each year while the western countries spend billions of dollars on their farmers. 

Wadhawan said that the US and EU provide huge subsidies but put them in boxes that are compatible with the norms of the World Trade Organization (WTO). On the other hand, the subsidies that India provides “run into trouble” as they aren’t structured as properly as the developed countries which is why the government needs to learn from others, he said.

Photo credit: Sarath.kuchi on Visual hunt / CC BY-SA

Recommended for you ...

Punjab National Bank govt approval to dilute stake in UTI Mutual Fund
Punjab National Bank govt approval to dilute stake in UTI Mutual Fund

November 28, 2022

Customer centricity and agility driving transformation in banking
Customer centricity and agility driving transformation in banking

November 28, 2022

Merger with HDFC likely to take 8-10 months
Merger with HDFC likely to take 8-10 months

November 28, 2022

Chat on WhatsApp