India may widen its fiscal deficit to 4.8% of GDP due to rising fuel subsidies from the Iran war, marking its first deficit target miss since the pandemic.

Rising oil prices, higher fertiliser costs and supply disruptions linked to the Iran war are beginning to cloud India's economic outlook, with economists warning that prolonged…

India's demand for transportation fuels and petroleum products is declining due to supply disruptions and higher prices stemming from the Iran war. Total refined product…

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…