India Raises Fertiliser Subsidy to 415 Billion Rupees
India raised its summer crop subsidy to 415.34 billion rupees to shield farmers from rising global prices. The 11.6% increase follows regional supply issues.
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The government of India has authorized an 11.6% increase in nutrient-based subsidies for summer-sown crops to shield the agricultural sector from volatile global markets. This decision follows a sharp rise in fertilizer costs linked to the geopolitical tensions between the United States, Israel, and Iran.
