Fossil fuel subsidy per unit of GDP India FY 2016-2021

Published by
Madhumitha Jaganmohan,
Jan 2, 2024
In financial year 2021, about 0.2 percent of the GDP spent on fossil fuel subsidy. This figure was slightly higher compared to last year. Fossil fuel subsidies promote energy production through fossils and control the prices.

Amount of fossil fuel subsidy per unit of GDP in India from financial year 2016 to 2021

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Release date

March 2021

Region

India

Survey time period

FY 2016 to FY 2021

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2018 started in April 2017 and ended in March 2018.

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