Vijay Kelkar’s talk: “as a finance secretary, I can say that giving subsidies at this level is not good.”
Government is an agent with political motives, so even if it will affect the economy of the country in a detrimental way, but makes them popular across people to win their votes, they will implement it.
Role of the government
The trend for the government expenditure has gone up across the years… Which means the role of the government has increased in terms of the intervention
Todos
check The article on Public Economics in the economic survey.