{"id":599645,"date":"2023-08-25T12:20:41","date_gmt":"2023-08-25T06:50:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=599645"},"modified":"2023-08-25T13:07:22","modified_gmt":"2023-08-25T07:37:22","slug":"indias-fuel-subsidies-fourth-largest-in-the-world-shows-imf-data","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-fuel-subsidies-fourth-largest-in-the-world-shows-imf-data\/","title":{"rendered":"India&#8217;s fuel subsidies fourth largest in the world, shows IMF data"},"content":{"rendered":"<p>India provided the fourth largest fuel subsidies among countries in absolute terms in 2022 preceded by China, the United States and Russia, according to a working paper by the International Monetary Fund. Globally, fossil fuel subsidies were $7 trillion in 2022 or 7.1 per cent of GDP, IMF said.<\/p>\n<p>According to the IMF data, China had the highest fuel subsidies ($2.2 trillion) in 2022, followed by the United States ($757 billion), Russia ($421 billion), India ($346 billion), and the European Union ($310 billion). Out of India\u2019s $346 billion (or 10.6 per cent of GDP) fuel subsidies, the IMF said, $32 billion is explicit subsidies while $314 billion is implicit subsidies. However, India\u2019s per capita fuel subsidies was much lower at $245 compared to Saudi Arabia ($6996), South Korea ($3120), Russia ($2982), Japan ($2498), US ($2243) and China ($1568).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India provided the fourth largest fuel subsidies among countries in absolute terms in 2022 preceded by China, the United States and Russia, according to a working paper by the International Monetary Fund. Globally, fossil fuel subsidies were $7 trillion in 2022 or 7.1 per cent of GDP, IMF said. According to the IMF data, China had the highest fuel subsidies ($2.2 trillion) in 2022, followed by the United States ($757 billion), Russia ($421 billion), India ($346 billion), and the European Union ($310 billion). Out of India\u2019s $346 billion (or 10.6 per cent of GDP) fuel subsidies, the IMF said, $32 [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-599645","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/599645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=599645"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/599645\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=599645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=599645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=599645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}