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The Economic Times

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How persistently high oil prices amid Iran war could impact India's economy

Escalating oil prices due to the Iran war pose a significant threat to India's economy. With nearly 90% of crude imported, sustained high oil costs could widen the current account deficit, weaken the rupee, and fuel inflation. Government finances may also face pressure from increased subsidies, potentially impacting infrastructure spending and economic growth.

12 Mar 2026 1:12 pm