Indian fertiliser companies will absorb rising input costs
Indian fertiliser companies have said they will absorb the rising input costs of the crop nutrients despite rise in expenditure due to costly imports on account of the rupee weakening against US Dollar.
India's fertiliser subsidy is likely to touch Rs 1,02,000 crore this fiscal, about Rs 14,000 crore less than the revised estimate, even as the government says it remains vigilant to thwart any profiteering strategy of global farm nutrient sellers.