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Sweet milky tea, sugary sweets and ghee-drenched parathas are everyday comforts that cost us over $4 billion for edible oils, $600 million for tea, and significant subsidies and spikes for sugar.

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...