India's fertiliser subsidy may exceed ₹3 lakh crore this fiscal year

India's fertiliser subsidy bill is projected to surpass ₹3 lakh crore in the current fiscal year, driven by rising input costs and global price pressures. The financial burden has prompted the Centre to take steps to control expenditure.

In response to the cost escalation, the central government has directed states to prevent excessive application of nutrients in farming. The move aims to rein in fertiliser consumption and reduce the fiscal strain on government finances.

Fertiliser subsidies remain a significant component of India's agricultural support system, intended to keep input costs affordable for farmers.