India's fiscal deficit target faces challenges amid global crises
pre-market1 source ↓written by the desknot a recommendation
- deficit may exceed
- 2% of GDP
India's Chief Economic Advisor, V Anantha Nageswaran, warned that the fiscal deficit target of 4.3% is under pressure due to rising global energy and fertilizer prices. Crude oil prices have surged to over USD 120 per barrel, raising import costs and threatening inflation amid ongoing geopolitical tensions.
The current account deficit may exceed 2% of GDP, driven by price shocks and trade disruptions, posing significant risks to households and the economy.
Not investment advice. For informational purposes only.