Daily Point 1984 - Negative Subsidy

 

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                            Daily Point 1984

Negative Subsidy 

Negative Subsidy was proposed by Sharad Joshi through Shetkari Sanghatana Peasants' Organisation in Maharashtra. According to him, Indian farmers actually got negative subsidies. The price they got from the restricted domestic market was far lower than the global price, which itself is distorted by lavish farm subsidies given by the governments of rich countries. The gap between domestic and global prices was not covered by the subsidies handed out to Indian farmers.

Sekhar Pariti

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