Subsidy in India: How your tax helps India run | Moneyview

If you’re a taxpayer or even just someone who buys products with GST, you’re playing a big role in India’s growth even if you don’t realize it.
The government provides subsidies financial support for critical sectors like food, fertiliser, fuel, healthcare, R&D, EVs, and more. These subsidies are funded by the taxes you pay, and they keep the economy stable and ensure welfare for millions.

Here’s what might surprise you:
India’s central subsidy bill has more than doubled from ₹2.5 lakh crore in FY14 to ₹5.7 lakh crore in FY23. That’s more than the GDP of 90 countries. This bill is about 1.2% of India’s entire GDP. Major subsidies are given for food, fertilisers, and petroleum.
So the next time you pay tax or GST, remember you’re contributing to national growth and support systems for millions.
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