Can India Weather Another Oil Shock? Govt Warns High Crude Could Test Fiscal Health

Can India Weather Another Oil Shock? Govt Warns High Crude Could Test Fiscal Health

The government has warned that high crude oil prices could test India's fiscal health, as the country's oil imports are expected to increase in the coming months. The government has been monitoring the global oil market closely and has been taking steps to mitigate the impact of high oil prices on the economy. The government has also been working to increase the country's oil production and reduce its dependence on imported oil. The government has warned that high oil prices could have a significant impact on the country's fiscal health, and has urged the public to be prepared for any eventuality. The government has also been working to increase the country's oil reserves and reduce its dependence on imported oil.