India must reform fertiliser prices amid geopolitical risks: University of Waikato professor. India must update fertiliser pricing and subsidy mechanisms due to heavy dependence on Middle East for urea and nitrogen fertilisers, said Professor John Gibson of University of Waikato at the 5th Kautilya Economic Conclave. He warned geopolitical shocks could hurt Indian farmers and vulnerable households, urging policymakers to build resilient, adaptive frameworks.