India's fiscal deficit target at risk amid rising oil prices
after close1 source ↓written by the desknot a recommendation
- for this financial
- 4.3% fiscal deficit target
India's Chief Economic Advisor, V Anantha Nageswaran, warned that achieving the 4.3% fiscal deficit target for this financial year may be challenging due to surging global oil and fertilizer prices amid the West Asia crisis. He highlighted the potential for a spike in inflation due to a below-normal monsoon and rising energy costs, which could further strain household budgets.
• Energy shock impacting finances
• Need for strategic buffers
• Inflation concerns rising
Not investment advice. For informational purposes only.