“A Study on The Perception of Middle Class Towards De-Linking of LPG Subsidy”

Indian government has promoted the concept of ‘Welfare State ’since independence. It has made sure that welfare of the citizens is a major goal, clearly reflecting on its finance i.e. expenditures. The Indian government has strategically placed subsidies in its attempt to reduce the burden of inflation on the common man. Subsidies account for around 14% of GDP. The objective of the subsidy is to reduce the prices of various commodities thereby shift the burden from common man to the government. Government finances this subsidy from its revenues mainly tax collection, whereby the surplus funds are tapped and allocated to priority areas to promote, support and nourish priority sector and to bring about a balanced economic growth and structural development of the economy. Therefore this research focuses on the perception and opinion of the middle class in the city towards de-linking of LPG prices.