Bite the bullet: India’s fisc can't afford an outsized fertilizer subsidy bill
· livemint.com
This year’s war-driven subsidy overshoot could burn a huge hole in the government's budget. While easing or abandoning price controls may seem difficult, India’s policy status quo looks riskier by the day.
It’s important to keep the fisc in reasonable control and a clear way out is to either ease or abandon price controls so that prices start reflecting costs. T...