Putin's war set to add ₹1L cr to India's fertiliser subsidy bill

The Russia-Ukraine war has hit the country's agriculture sector the hardest

With fertiliser prices skyrocketing in the international market, a top government functionary said on Monday, adding this is likely to raise India's subsidy burden on fertilisers alone to upwards of Rs 2 lakh crore this fiscal, about Rs 1 lakh crore more than what was estimated in the Union Budget for 2022-23.

Fertiliser subsidy in the revised estimate for the previous fiscal ended March 31 was Rs 1.4 lakh crore. The supply chain disruptions due to the Russia-Ukraine conflict is likely to push the burden further by Rs 60,000 crore in the current year.