India's LPG subsidy could top Rs 1 lakh crore in FY27, widening budget gap by Rs 70 k crore
The LPG subsidy bill is on track to exceed Rs 1 lakh crore in FY27, far outstripping the Rs 30 billion budget allocation and creating a Rs 70 k crore shortfall. Overall subsidy spending is already 47% higher YoY, tightening the fiscal deficit and likely curbing capital spending for the rest of the year.