Prolonged Energy Disruption to Widen India Trade Deficit, Strain Fiscal Account, Moody’s Says
Moody’s has cautioned that prolonged energy supply disruptions could significantly widen India’s trade deficit and strain its fiscal account. The global rating agency noted that rising crude oil prices, driven by geopolitical tensions, will increase import costs, heighten inflationary pressures, and challenge India’s fiscal management. Key Highlights India’s Energy Dependence India imports nearly 85% of…