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

The Times of India - 12 Mart 2026

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 fa…

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