Times of IndiaLean R·
Oil shock to inflation risk: How the Iran war is reshaping India's economic outlook
India's economic outlook is darkening due to rising oil prices, fertilizer costs, and supply disruptions from the Iran conflict. Economists warn of escalating inflation, slower growth, and strained government finances. The nation, heavily reliant on oil imports, faces significant economic challenges as global energy prices surge, impacting its balance of payments and fiscal health.
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