Zerodha CEO Nithin Kamath has raised concerns over India’s heavy dependence on imported fertilisers and raw materials used in fertiliser production, calling it a serious vulnerability for the country’s agriculture sector.
In a detailed post on X, Kamath said India spends more than $20 billion on imported fertilisers and fertiliser-related raw materials every year.
According to him, the ongoing energy crisis and disruption caused by the closure of the Strait of Hormuz have exposed just how fragile these supply chains can be.
Nithin Kamath Says Fertiliser Dependency Is Similar to Oil Imports
Highlighting the scale of the issue, Kamath wrote: “India spends $20+ billion on imported fertiliser and raw materials for fertiliser production.”
