Data Alert
India Apr-Oct major subsidies spend up 7.3% at INR 2.49 tln
This story was originally published at 18:33 IST on 29 November 2024
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NEW DELHI – The government's expenditure on major subsidies in Apr-Oct rose 7.3% on year to INR 2.487 trillion, data from the Controller General of Accounts showed. The government had spent INR 2.317 trillion in the same period a year ago.
The expenditure accounted for 65% of the Budget estimate of INR 3.812 trillion for 2024-25 (Apr-Mar), compared with 62% in the same period of the previous financial year. The expenditure on fertiliser subsidy was down 14.4% on year at INR 1.024 trillion in Apr-Oct.
The food subsidy bill in the first seven months of FY25 was INR 1.402 trillion, up 26.5% on year. Petroleum subsidy grew over five times from the same period a year ago to INR 60 billion, but remained within the budgeted outlay of INR 119 billion for FY25.
The following table details major subsidies in Apr-Sept (in INR billion):
| Apr-Oct 2024-25 | Apr-Oct 2023-24 | Budget Estimates | Year-on-year % change | |
| Food | 1,402.391 | 1,108.718 | 2,052.500 | 26.49 |
| Fertiliser | 1,024.459 | 1,197.028 | 1,639.998 | -14.42 |
| Petroleum | 59.854 | 11.192 | 119.250 | 434.79 |
| Total | 2,486.704 | 2,316.938 | 3,811.748 | 7.33 |
End
Reported by Krity Ambey
Edited by Akul Nishant Akhoury
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