Agricultural #fertiliser#subsidy
India spends 40% of annual fertiliser subsidy in first 3.5 months, signalling higher bill
India has spent Rs 70,709 crore, nearly 40% of the fertiliser subsidy allocated for 2026-27, in the first three-and-a-half months of the fiscal year. The elevated global urea prices of $572/tonne, up 45% year-on-year, are driving the higher subsidy outgo. The government is diversifying import sources and ramping up domestic urea production to manage supply.
Jul 21, 2026 1 source