1. The imbalance between subsidy expenditure and expenditure on public investment in agriculture call for a long-term strategic re-orientation. Analyse.

Approach:

♤ Discuss the scale and nature of expenditure on agriculture sector.

♤ Point out the imbalance in public expenditure and subsidies

♤ Stress the significance of public expenditure.

♤ Provide comprehensive picture of future public investment.

♤ Discuss need to rationalize subsidies along with mechanism.