India Prepares for Wider-Than-Expected Budget Deficit as Iran War Lifts Subsidy Costs
2026-06-12 03:42:28
India is preparing for a wider-than-expected budget deficit this year, putting it on course to miss its target for the first time since the pandemic. In the second sentence, according to Bloomberg, an official familiar with the matter said the war in Iran is driving up energy subsidy costs and adding pressure on government finances.
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