India approves ₹62,370 crore rabi fertiliser subsidy
In short
India approved a ₹62,370 crore subsidy for rabi fertilisers, which is 64% above the budget estimate. The package covers nutrient-based subsidy rates for phosphatic and potassic fertilisers from October 1, 2026 to March 31, 2027.
What the reporting says
India approved a ₹62,370 crore rabi fertiliser subsidy package, 64% above the budget estimate, for nutrient-based subsidy rates on phosphatic and potassic fertilisers from October 1, 2026 to March 31, 2027. The package covers P&K fertilisers in the next rabi season. The move supports fertiliser pricing and farm input availability during the period.
Why it matters
India approved a ₹62,370 crore rabi fertiliser subsidy package, with nutrient-based subsidy rates for phosphatic and potassic fertilisers from October 1, 2026 to March 31, 2027. The amount is 64% above the budget estimate, indicating higher support for the season. The decision affects fertiliser pricing and subsidy outlay for the agriculture supply chain.