India’s $48 bn input subsidy for power and agri raises hackles
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The US, EU, UK and Australia, along with four others, raised concerns at India’s input subsidies for power, irrigation and fertilisers reaching $48 billion in 2022-2023. The US said at a meeting at the World Trade Organization (WTO) last week that this was more than twice the value of all tradedistorting support that it had notified in 2021-22 and called for greater transparency from India. Input subsidies available to lowincome or resource-poor producers in the country amounted to $32 billion in 2021-22. As per the Agriculture Census for 2015-16, 99.43% of farm holdings in the country are of low-income or resource poor farmers.The input subsidies, covered in Article 6.2 of the Agreement on Agriculture of the WTO, allow developing countries additional flexibilities in providing domestic support. They are not subjected to caps as other farm subsidies, such as price and income support, included in Aggregate Measurement of Support (AMS) which is fixed at 5% of agriculture pr...
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