Question

'In India, agricultural subsidies have always been a topic of debate among the economic thinkers'.

Identify, which of the following statement is not an argument in favour of continuation of the agricultural subsidies in India.

पर्याय

• Subsidies encourage farmers to adopt newer technologies.

• Subsidies help farmers to face the uncertainties of future.

• Subsidies aim to reduce the inequalities between rich and poor farmer.

• Subsidies mainly benefits the fertilizer industry among farmers.

Answer 1

Subsidies mainly benefits the fertilizer industry among farmers.

Explanation:

One of the charges levelled against agriculture subsidies is that they have benefited the fertiliser business and wealthy farmers. Fertiliser subsidies ultimately benefit the fertiliser industry, even though farmers can purchase fertiliser at a reduced cost. As a result, it has aided wealthy industrialists in increasing production, while wealthy farmers have benefited from subsidies.