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India is determined to adhere to its fiscal deficit target, even as global oil prices spike due to Middle East tensions.
India plans to maintain its fiscal deficit target despite rising global oil prices.
KEY POINTS
- The government is considering austerity measures in departments with unutilized funds.
- Excise duties on fuel have already been reduced to protect consumers from price hikes.
- Efficient allocation and spending cuts are expected in some ministries to offset subsidy costs.
COMPANIES
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