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India may widen fiscal deficit as US-Iran war strains finances
India may allow its fiscal deficit to widen to 4.8% of GDP, up from the 4.3% target, as rising energy subsidies strain government finances due to the Iran war.
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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.
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economictimes.indiatimes.com
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…
