According to an official statement, India's subsidies to domestic firms are significantly lower than those provided to Chinese companies, while being comparable to the support received by firms in North America. The Organisation for Economic Co-operation and Development (OECD) reported that from 2005 to 2024, Chinese firms received government support that was three to eight times greater than that of Indian firms. This disparity poses competitive challenges for Indian businesses in the global market. The OECD's MAGIC Database of Industrial Subsidies, which measures actual subsidies received rather than disclosed amounts, covers 525 of the world's largest manufacturers across 15 key sectors. The analysis reveals that Indian firms typically borrow at market rates, unlike their Chinese counterparts who benefit from below-benchmark borrowing rates. The sectors that received the most subsidies include solar photovoltaic, semiconductors, steel, and shipbuilding, with many of these industries concentrated in China. This situation underscores the need for India to enhance its support mechanisms to foster growth and competitiveness in these critical sectors.