Subsidies, tax breaks detrimental to production, says IMF

Subsidies, tax breaks detrimental to production, says IMF

The International Monetary Fund has said that most industrial policies rely heavily on costly subsidies or tax breaks, which could be detrimental to productivity and welfare if not effectively targeted. The multilateral lender stated this in a new report titled ‘Industrial Policy Is Not a Magic Cure for Slow Growth’. According to the global lender,

 
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Source: Subsidies, tax breaks detrimental to production, says IMF

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