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STUDY OF FERTILIZER INDUSTRY IN INDIA
NITIN B. WABLE DR. RAHUL K. KHANDELWAL
Abstract:
The Indian fertilizer industry has made good progress in the case of Nitrogen-based fertilizers. India is the 2nd largest consumer of Urea fertilizers after China. India also ranks 2nd in the production of nitrogenous fertilizers and 3rd in phosphatic fertilizers. Potash requirement is met through imports since we have limited reserves of potash. Productions are largely state-controlled. Popular PSUs are The Fertilizer Corporation of India Ltd, National fertilizers Limited, Hindustan Fertilizer Corporation Ltd., etc. Fertilizer provided the cradle in which the HYV seeds and assured irrigation flourished in the form of the green revolution, mitigating the ever-multiplying problem of food security in India. Its importance can be gauged from the fact that the regions with high use of fertilizers are now known as ‘granaries of India.’ The fertilizers industry is the second most important industry in India after iron and steel. The article attempts to present a broad view of fertilizer Industry in Indian perspective. Through the use of secondary data, attempts have been made to study issues like demand and supply position, consumption trends, growth factor of fertilizer in India.