India is ramping up its economic defenses as the war in Iran drives up energy costs, prompting authorities to ration diesel, weigh spending cuts and hunt for overseas capital.
On Friday, the government announced rare restrictions on diesel sales, capping purchases at 200 liters a day per customer. Separately, Bloomberg News reported that authorities are preparing for the budget deficit to possibly overshoot this year’s target by as much as 50 basis points.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.