Renub Research

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Agriculture performs a vital role in the economic development of agrarian India. Agriculture share in Gross Domestic Product (GDP) increased to 19.9% in 2020-21 from 17.8% in 2019-20. Almost 60% of the population depends on agriculture, according to the Economic Survey 2020-2021. Fertilizers have been considered an essential input to Indian agriculture to meet the food grain requirements of the country's growing population. According to FAO, 70% of Indian rural households depend essentially on farming for their livelihood since 82 percent of farmers are small or marginal. The Indian fertilizer industry has played a crucial support role in the Indian agricultural sector. The chemical fertilizers growth amongst the farmers has been the secret of the nation's green revolution in late 1960. Today, India is the second-largest consumer and third-largest producer of fertilizers in the world. The primary nutrients for plant growth are phosphorus, ammonia and potassium, and these should be in