Who benefits from fuel subsidies?2 min read 10 Jun 2013, 05:25 PM IST
A new IMF working paper shows that India's fuel subsidies are both fiscally costly and socially regressive
Many countries seek to protect poor households by subsidizing the consumption of fuel products. However, recent research by the International Monetary Fund (IMF) shows that fuel subsidies are both inefficient and inequitable, including in India.
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