A progressive agriculture serves as a powerful engine of economic growth of any country. It helps in initiating and supporting the development of other sectors of the economy. It provides employment to around 60 per cent of the total workforce in India. After independence the Government of India adopted a constructive approach and specific programmes like new agriculture technology were introduced. Indian farmers being poor were not in a position to buy these expensive inputs. Therefore the Indian Government started the scheme of subsidies on the purchase of various agriculture inputs to facilitate the farmers. Subsidies are often criticized for their financial load; on the other hand there is a fear that agriculture production and income of farmers would decline if subsidies are curtailed. The findings indicate that the increasing rate of total subsidies (fertilizers, electricity and irrigation) is higher than gross cropped area (GCA) during pre, first as well as second phase of liberalization periods. The percent of fund allocation in five years plans for agriculture sector is decreases and fund allocation for industry & other sector increases. The present study suggests that Government should need of separate agriculture budget for India.