US-Iran war impact: India is well positioned to absorb a fiscal deficit that may be more than the current projections this year without putting its investment-grade sovereign rating at risk, according to Moody's Ratings, which believes that any budgetary pressure arising from higher energy prices is likely to be temporary.

The Middle East conflict had triggered concerns across global markets as tensions around the Strait of Hormuz threatened energy supplies and raised fears of slower economic…

Moody's Ratings believes India can manage a wider fiscal deficit this year without jeopardizing its investment-grade credit rating. Despite elevated oil prices posing risks, the…