Fertilizer Sector reforms – NBS, bio-fertilizers, Neem coating, etc.

India saves $1.8b on fertiliser subsidies. How?

  1. The reason is the fall in naphtha and gas prices.
  2. This would likely reduce the fertiliser subsidy bill to ₹600 billion ($9.1 billion) this fiscal year, about 18% below last year.
  3. The savings will help India towards its goal of reducing the fiscal deficit to 3.9% by the end of March.
  4. It would simultaneously increasing spending on roads and rail in an attempt to revive the economy.
  1. The reason is the fall in naphtha and gas prices.
  2. This would likely reduce the fertiliser subsidy bill to ₹600 billion ($9.1 billion) this fiscal year, about 18% below last year.
  3. The savings will help India towards its goal of reducing the fiscal deficit to 3.9% by the end of March.
  4. It would simultaneously increasing spending on roads and rail in an attempt to revive the economy.
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