India's fertilizer subsidy is expected to increase by 20% this financial year due to a spike in global prices caused by the blockade of the Strait of Hormuz. The subsidy is projected to reach ₹1.86 trillion (approximately $22.4 billion USD), up from an estimated ₹1.71 trillion for the current year. Aparna Sharma, joint secretary in the Department of Fertilizers, confirmed that while global fertilizer prices have nearly doubled, the maximum retail price (MRP) for farmers will remain unchanged. This subsidy is vital for maintaining agricultural viability and stabilizing food prices, as it reduces the cost of essential nutrients like urea and di-ammonium phosphate for farmers. Currently, India imports about 60% of its di-ammonium phosphate and 15% of its urea needs, highlighting its reliance on global markets. The country has sufficient fertilizer stocks, with 19.02 million tonnes available, which is 49% of the required amount for the upcoming kharif season. The government is actively monitoring the situation and ensuring adequate supply amid rising prices.