Change in food, fertilizer, and fuel subsidies India FY 2015-2023

Published by
Manya Rathore,
Mar 27, 2024
Government spending on food, fuel, and fertilizer subsidies witnessed an average estimated decline of around 22 percent in the financial year 2024 as compared to previous year. Both food and fertilizer subsidies were slashed by over 20 percent for the fiscal year 2024. The three major subsidies are crucial in containing India's fiscal deficit.

Change in food, fertilizer, and fuel (3Fs) subsidies in India from financial year 2022 to 2023, with estimates until 2025

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Release date

February 2024

Region

India

Survey time period

FY 2015 to FY 2023

Special properties

over last financial years

Supplementary notes

*Revised estimate

**Budget estimate

India's financial year begins in April and ends in March. For example, FY 2022 started in April 2021 and ended in March 2022.

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