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India May Allow Fiscal Deficit to Rise to 4.8% as US-Iran Conflict Pushes Up Oil Prices
India may allow its fiscal deficit to widen to 4.8% of GDP as rising oil prices from the US-Iran conflict increase subsidy and import costs.
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India may allow its fiscal deficit to widen to 4.8% of GDP as rising oil prices from the US-Iran conflict increase subsidy and import costs.
Rising global oil prices and stronger US inflation are raising concerns about higher household expenses and inflation risks in India.
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