This would be a major step for India as Urea is heavily subsidized and overused... Teh result is an imballance in the soil and thus poor crop growth and quality... not to mention the increased loss of Nitrogen in the soil in the form of nitrate nitrogen.

The first major price hike in four years would mark an important step by Prime Minister Narendra Modi's new government towards cutting wasteful use of urea and easing fiscal pressures resulting from a weak economy.

It would boost the relative appeal of potash and phosphate fertilisers that India imports in bulk from North America and the former Soviet Union, and whose domestic selling prices have been allowed to rise since 2010.

http://uk.reuters.com/article/2014/06/09/india-fertilizers-idUKL4N0OQ0ZK20140609