India is facing a 20% increase in its annual fertiliser subsidy bill, driven by a significant rise in global prices for essential agricultural inputs like urea, which have nearly doubled in the past two months. Despite these challenges, the Indian government is committed to keeping retail prices stable for farmers as the kharif planting season approaches. The Ministry of Fertilisers has contracted for a record 2.5 million metric tonnes of urea, representing about a quarter of India's annual import needs. This move aims to prevent shortages and ensure the stability of the agricultural sector. Currently, urea is sold at ₹266.50 per 45 kg bag, while Di Ammonium Phosphate (DAP) is priced at ₹1,350 per 50 kg bag. The government is absorbing the increased import costs through enhanced corporate subsidies. Additionally, domestic production of urea has improved significantly, with current availability surpassing the requirements for major crops. The government remains optimistic about securing timely imports despite ongoing global supply chain disruptions.