India's finance ministry warns of rising crude oil prices impacting fiscal and trade balances. Persistent geopolitical tensions in West Asia present key risks to the nation's economy. The country's external sector remains resilient, supported by strong exports and services trade. Foreign exchange reserves stand at $675.2 billion, offering a significant buffer.

India's crude oil price drops to $77.6/bbl in July, easing import costs amid global geopolitical tensions, says government.

India's finance ministry warns of rising crude oil prices impacting fiscal and trade balances. Persistent geopolitical tensions in West Asia present key risks to the nation's…

Finance Ministry warns that rising crude prices could strain India's fiscal and current account deficits, impacting inflation and growth.