India's fertiliser subsidy bill for FY27 may rise by Rs 70,000 cr on West Asia crisis, official says

India's fertiliser subsidy bill could rise by Rs 70,000 crore to Rs 2.41 lakh crore in 2026-27. This increase is driven by higher import costs for urea and other fertilisers due to the West Asia crisis. Despite cost pressures, fertiliser availability for the 2026 kharif season remains comfortable. Diversified import sourcing is bridging any supply gaps.

Raccontata daeconomictimes.indiatimes.com