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.

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.

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 trade deficit saw a slight reduction in May. A recent US-Iran agreement is bringing welcome relief. This deal is expected to stabilize shipping through the Strait of…