Food subsidy can fill poverty gap, twice

February 23, 2014 15:57

Union Finance Minister P Chidambarams estimate for Indias 2014-15 food subsidy bill of Rs 1,15,000 crore in the interim budget is more than twice of Indias Poverty Gap, or the cost of pushing all households above the poverty line if cash transfers were used instead.

The Poverty Gap for India, as per the latest NSSO Consumption Expenditure Survey data available (for the year 2011-12) is Rs. 55,744 crore.

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