For Richer, Not Poorer: Energy Subsidies in India

Many countries seek to protect poorer households by subsidizing the consumption of fuel products. However, recent IMF research shows that fuel subsidies are both inefficient and inequitable, including in India. But what about India? Are fuel subsidies also anti-poor? Sadly, yes. A new IMF working paper  shows that India’s fuel subsidies are both fiscally costly and socially regressive. […]