India Set To Miss Budget Deficit Target As Oil Shock Strains Public Finances

India Set To Miss Budget Deficit Target As Oil Shock Strains Public Finances Submitted by Tsvetana Paraskova of OilPrice.com India may be on track to miss its target for budget deficit for the first time since 2021 as the oil supply shock pressures government coffers. The government of the world’s third-largest crude oil importer is preparing to exceed its own deficit target from early this year as the Middle East crisis is testing the resilience of public finances amid soaring ...

By Tyler Durden