Finance minister has announced that step , would be taken to rationalise subsides which presently dominate the economy in the nation. What is the economic value of these statement .

Dear Ipsita,
Through this statement, the finance minister aims at reducing and rationalising the levels of subsidies which are currently excessive in the economy. The economic value involved here is fair distribution of income among all the sections of the society which will in turn enhance economic welfare of the country.