India has proposed to cut fertilizer subsidy spending in the next financial year starting in April, a move that could help reduce the fiscal deficit but may raise cultivation costs for farmers in the world’s most populous nation.
India has proposed to cut fertilizer subsidy spending in the next financial year starting in April, a move that could help reduce the fiscal deficit but may raise cultivation costs for farmers in the world’s most populous nation.
Farmer cut wheat during harvest at a field in Ghaziabad, Uttar Pradesh, India, on Monday, April 29, 2024. Wheat prices fell the most in more than a month, snapping a seven-day winning streak, as the outlook for much-needed rain helped alleviate crop concerns.