Topic
government spending
Commodities 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.
Commodities India's LPG Subsidy Bill May Exceed Rs 1 Lakh Crore, Far Beyond Budget Provision
According to a PL Capital report, India's LPG subsidy spending could exceed Rs 1 lakh crore in FY27, far surpassing the budgeted Rs 30,000 crore. The subsidy loss per cylinder is currently Rs 490. Total major subsidies in April-May 2026 rose 47% year-on-year to Rs 755.4 billion, with food and fertilizer subsidies also surging.
Commodities India's Agriculture Budget Soars to Rs 1.4 Lakh Crore
The Modi government has increased India's agriculture budget five-fold to Rs 1.4 lakh crore over 12 years. Key initiatives include climate-resistant crops, soil health cards, and increased fertiliser subsidies.