India uses 40% of urea-subsidy budget as global fertiliser prices climb
The government has spent more than Rs 70,000 crore on fertiliser subsidy while holding urea and DAP retail prices steady. Higher global nutrient costs and supply disruptions are prompting longer-term import agreements and tender-based procurement.
India has spent over Rs 70,000 crore, or 40% of its fertiliser-subsidy budget, amid sharply higher global nutrient prices and West Asia supply disruption. The government is diversifying imports while maintaining fixed retail prices for urea and DAP.
Why this matters
The subsidy spend adds an agricultural-input dimension to government-led retail policy, following PLI schemes that drew Rs 2.4 lakh crore in investment and an AP panel's Totapuri orchard revival plan after a price crash.
Retail-company signals are accelerating, up 967300% quarter over quarter.