Fertiliser Subsidy Analysis

 Clifton D' Rozario has published in a post an analysis of the budget for 2024-25 done by the CPIML (Liberation). I have prepared a graphic based on the data from that post on the trend in fertiliser subsidies being provided by the Union Government. It clearly shows that there is a 28% decline in the Urea subsidy from actual expenditure in 2022-23 to the proposed expenditure this year and the decline in Non-urea subsidy is even higher at a whopping 48%.

Cumulatively this decline of Rs 62,445 crores in fertiliser subsidy is more than the support of Rs 60000 crores budgeted for the Kisan Samman Nidhi. Thus, despite all the rhetoric, effectively the Government is short changing the farmers big time.