Buying less, paying more: The impact on West Asia conflict on India's fertiliser subsidy bill

India's fertiliser import value rose 37.7% to $722.5 million in May year-on-year, while volume increased only 11.2%.

The West Asia conflict has driven up global fertiliser prices, increasing India's subsidy burden as it imports a large share of fertilisers.

Higher import costs force the Indian government to spend more on fertiliser subsidies to keep domestic prices stable.