on imports the developed countries remained noncommittal about phasing out the subsidies given to the exporters of farm products some developed countries even wanted the developing countries to have more transparency in their procurement policiesreverting back to subsidies in india it seems that some of the essential subsidies will continue while others could be phased out particularly those on petroleum products like diesel keeping in view indias huge oil pool deficit the subsidies on food and other basic amenities like health and education should continue but the government must ensure the proper identification of the beneficiaries the sharp targeting of subsidies is indeed the most important as well as the most difficult aspect to achieve in a large country like india since even the advanced economies like usa and eu are not able to do this successfully