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✅ India Fiscal Deficit Update
✅ India may allow its fiscal deficit to widen to 4.8% of GDP this year, against the earlier target of 4.3%, as per Bloomberg report.
✅ Higher crude oil prices and Iran war-related supply disruptions are putting pressure on government finances.
✅ India imports nearly 90% of its oil, making it highly vulnerable to prolonged energy price shocks.
✅ Fuel subsidy pressure and a possible 20% rise in fertiliser subsidy may increase government spending.
✅ Government may review the fiscal outlook later and could consider spending cuts across ministries to control the deficit.
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