India ready to stretch its wallet to 4.8% of GDP
Synopsis India faces a larger budget deficit this year. The war in Iran is increasing energy subsidy costs. This puts pressure on government finances. Authorities
Synopsis India faces a larger budget deficit this year. The war in Iran is increasing energy subsidy costs. This puts pressure on government finances. Authorities may allow the deficit to widen by half a percentage point.
The deficit could reach 4.8% of GDP. This is up from the 4.3% target set in February. The situation is being closely watched.
The BriefWire