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India Shifts Into Crisis Mode With Fuel Curbs, Wider Deficit

Bloomberg Markets · Jun 12, 2026, 12:08 PM · Also reported by 2 other sources

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.

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Investing.com India willing to let fiscal deficit widen to 4.8% of GDP, Bloomberg News reports Euronews EU energy ministers eye jet fuel reserves as Strait of Hormuz crisis threatens supply

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India Shifts Into Crisis Mode With Fuel Curbs, Wider Deficit

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