Agricultural Subsidy :The Life Saving Support

摘要

The issue of subsidies to agriculture is of special importance as it has direct relationship with food which is the basic necessity of life.Various countries provide subsidy to agriculture in different names.Developed countries provide huge amount of subsidy to support the farm sector.Subsidy on food and fertiliser in India has grown manifold over the years.However,It is far lower in India than many countries.Indian agriculture is now passing through a very difficult phase.There are reports of stagnation in growth in agriculture,particularly of foodgrains in the recent years in India.Majority of the farmers are not able to get even survival income.Therefore,agriculture sector needs strong support for fulfilling the objective of the Second Green Revolution in India.The paper presents a detailed analysis of various issues of subsidy,including the objectives,importance,amount and type of subsidies provided to the agriculture sector by developed and developing countries.