The ministry has already requested the Ministry of Finance to make a budgetary allocation of Rs 50,000 crore for fertiliser subsidies. The main culprit, sources say, is the rising prices of fertiliser products (like potassic and phosphate fertilisers) globally. And since India is import-dependent, the subsidy bill can only mount. The ministry plans to combat the problem by encouraging the domestic industry to increase production by shifting to import parity pricing.
— Rishi Joshi