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India willing to let fiscal deficit widen to 4.8% of GDP: Report
India faces a larger budget deficit this year. The war in Iran is increasing energy subsidy costs. This puts pressure on government finances. Authorities may allow the deficit to widen by half a percentage point. The deficit could reach 4.8% of GDP. This is up from the 4.3% target set in February. The situation is being closely watched.
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dawn.com
Indian economy, govt finances see mounting costs from Iran war
Economists estimate fiscal deficit to rise as high as 5pc from the currently targeted 4.3pc.
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cryptobriefing.com
India may miss budget deficit target for first time since pandemic
India's fiscal deficit could reach 4.5% to 4.99% of GDP, missing its 4.3% target as the Iran conflict drives up energy costs and forces fuel tax cuts.
