India, which imports more than 85% of the oil it consumes, received about half of all its imports from the Middle East before the war...

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.

India may allow its fiscal deficit to widen beyond its budget target as soaring energy import costs from the Middle East supply crisis strain public finances and economic growth.