India’s fertilizer subsidy may cross ₹3 lakh crore if West Asia crisis prolongs by ET Markets | May 26, 2026 6:05 am | Indian Stocks, Market, News India’s fertiliser subsidy bill could surge past a record ₹3 lakh crore this fiscal if the West Asia crisis continues, sharply exceeding the budget estimate of ₹1.71 lakh crore, a government official said.