19-May-2026
Economy News
 
India's fertiliser subsidy bill for FY27 may rise by Rs 70,000 cr on West Asia crisis, official says
19-May-2026

The government's fertiliser subsidy bill for 2026-27 may surge by Rs 70,000 crore to Rs 2.41 lakh crore, driven by rising import costs of urea and other fertilisers amid the ongoing West Asia crisis, a senior official said on Monday. Aparna S Sharma, Additional Secretary, Department of Fertilisers, on the sidelines of inter-ministerial briefing on West Asia developments, said, "The subsidy bill will go up, but what percentage is something I cannot say." On whether the increase could be as much as Rs 70,000 crore, she said, "may be." The budgetary allocation for fertiliser subsidies in 2026-27 stands at Rs 1.71 lakh crore.

News Source:- https://economictimes.indiatimes.com/industry/indl-goods/svs/chem-/-fertilisers/indias-fertiliser-subsidy-bill-for-fy27-may-rise-by-rs-70000-cr-on-west-asia-crisis-official-says/articleshow/131174869.cms