Fertilizers
Global Standing: India is the 2nd largest consumer of Urea fertilizers after China. India also ranks 2nd in the production of nitrogenous fertilizers and 3rd in phosphatic fertilizers.
Imports: Between 2018-19 and 2020-21, India’s fertilizer imports increased almost 8% to 20.33 million tonnes from 18.84 million tonnes.
- India meets 85 per cent its urea requirement through indigenous production but depends heavily on imports for its phosphate and potash (P & K) fertilizer requirements.
- Total Consumption: India consumed about 500 LMT of fertilizer per year in the last 10 years.
- The Union government’s fertilizer subsidy bill increased by 62% over the budgeted amount to ....
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