This paper attempts to provide a highlight of fertiliser industry of India by focusing on growth rate of industry and demand and supply side of fertiliser in India. Discussion is also made on consumption pattern of fertilisers in Indian states. And at last to know more about the industry porter’s five forces model analysis is done. Secondary data is used from published sources and the data which is available at public domain. Various tables and graphs are used to demonstrate the data. Different comparison and relations were made where necessary. After the FAO reports of 2016, India is using 165.85 Kg of fertiliser per hectare of arable land. China stands at 1st rank and India ranks 2nd and in nitrogenous and phosphatic fertiliser consumption.
The Indian fertiliser market was worth INR 5,437 Billion in 2018. Looking forward, the market is projected to reach INR 11,116 Billion by 2024, growing at a CAGR of 12.3% during 2019-2024. In case of Urea, India has achieved 80-85% of self-sufficiency, and rest is imported from our joint ventures in abroad.To meet the demand of urea by indigenous production and to reduce the imports, Government of India, is investing an amount of Rs. 37971 Crore Rupees for revival of five fertiliser plants in India. Since FY 2016-17, the food grain production is increasing with the fertiliser consumption in India, because use of fertiliser is an important factor which impacts the food grain production in India.
Unfortunately the, heavy use of urea is misbalancing the ideal fertiliser application ratio. To improve this ratio farmer’s has to move from straight fertilisers towards NPKS complex fertilisers for supplying the essential nutrients required by the plants for growth.
hello there, your style is so good.Following your news.
Thank you Lera.