India plans over $40 billion for food, fertiliser subsidy for 2022/23: Sources

For the current fiscal year the finance ministry had budgeted 835 billion rupees for fertiliser subsidies, although the real allocation could rise to a record 1.5 trillion rupees.

India is likely to set aside about 3 trillion rupees ($40 billion) on food and fertiliser subsidies in its budget next week for 2022/23, officials said, roughly the same amount the government budgeted for this fiscal year ending in March.