date:May 23, 2014
irst majority government in 30 years there is an opportunity for sound policies to prevail over impulse politics.
India is the biggest global phosphate importer and a top consumer of potash. Slack Indian fertilizer demand is one reason for a plunge in profits by Potash Corp and Mosaic.
It is unlikely that India, facing a deficit, can afford to raise subsidies for potash and phosphate. But it could cut the urea subsidy or target subsidies only to poorer farmers, Gupta said, although he noted th