fertiliser subsidy

India's Fertiliser Subsidy Bill to Rise 20% Amid Middle East Crisis-Driven Price Surge

India's fertiliser subsidy bill is projected to increase by about 20% for the current financial year due to price rises driven by the Middle East crisis. The world's largest urea importer has placed orders for a record 2.5 million metric tons at nearly double the price paid two months ago, with the Iran conflict disrupting global supplies. Rising import costs will likely boost subsidies to companies selling fertilisers to farmers below market rates, with the previous year's subsidy estimated at 1.87 trillion rupees ($19.85 billion).