India Set to Miss Budget Deficit Target as Oil Shock Strains Public Finances

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• Free Analysis Rule Based Analysis not AI OIL Bearish 80% 6h
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Original source

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 energy import bills, an Indian official with knowledge of the plans told Bloomberg on Friday. India may allow the budget deficit to widen to 4.8% of GDP for the current fiscal year ending…

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Original article published by OilPrice.com on June 12, 2026. Analysis and insights provided by AnalystMarkets AI.

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