A number of private companies in the Indian fertilizer market are engaged in production of the agro-input. Most of the companies also engage in exporting fertilizers in the global market, earning foreign capital from the business. The country stands at the third position among the largest producers of the product in the world. India is also ranks among the highest consumers of fertilizers.
The euphoric growth in the business has also facilitated the agricultural industry of India, which is dependent for its optimization on the fertilizer industry.
Phosphatic and nitrogenous fertilizers such as urea, single super phosphate and ammonium are produced by the companies in India. Complex fertilizers such as di-ammonium phosphate are also domestically produced. However, lack of indigenous reserves of potash does not support the production of potassic fertilizers in the country. The nitrogenous fertilizer production capacity is higher in the public sector units while the private companies in the Indian fertilizer market have a larger capacity for the production of phosphatic fertilizers.
In many developed countries around the world, tap water is widely considered to better for you than the bottled variety and subject to more stringent safety checks. Why then do we insist on purchasing something which is up to 300 times more expensive than what comes out of our taps?
Professor of Economics & Director of the Earth Institute at Columbia University. Special Adviser to the UN Secretary-General on the Millennium Development Goals. Founder & co-President of the Millennium Promise Alliance.
Chancellor of the Exchequer of the United Kingdom from 1992 to 2007. Prime Minister of the UK between 2007 and 2010. Inaugural 'Distinguished Leader in Residence' at New York University. Advisor at World Economic Forum
CEO and co-CIO of PIMCO. Served as President and CEO of the Harvard Management Company for 2 years, while also working at the IMF for 15 years. In 2008, his book "When Markets Collide", won the Financial Times award for Business Book of The Year in addition to being named as the one of the best business books of all time by The Independent.
Mario I. Blejer is a former governor of the Central Bank of Argentina and former Director of the Center for Central Banking Studies at the Bank of England. Eduardo Levy Yeyati is Professor of Economics at Universidad Torcuato Di Tella and Senior Fellow at The Brookings Institution.