Fertiliser Subsidy Bill to Soar: China Supply Crunch Hits Indian Farmers
India’s Union government is bracing for a significant surge in fertiliser subsidies. This comes in the wake of persistent disruptions to di-ammonium phosphate (DAP) imports from China, a major supplier for the country.
The ongoing shortage of DAP, a crucial fertiliser for boosting crop yields, is forcing the government to shoulder a heavier financial burden. This will directly impact the national budget.
Experts predict a substantial increase in the already considerable fertiliser subsidy allocation. The exact figure remains unclear, pending a comprehensive assessment of the supply chain crisis.
The situation underscores the vulnerability of Indian agriculture to global supply chain shocks. The government’s response will be crucial in mitigating the impact on farmers and ensuring food security during the upcoming Kharif season. The upcoming budget session will likely see heated debates on this escalating issue.
