08-March-2026
Economy News
 
India says it needs to build resource buffers, reprioritise fiscal spending
07-Mar-2026

The conflict in the Middle East has underscored the importance of natural resource buffers, and fiscal resources have to be reprioritised in coming years, the Indian government said in its monthly economic report. India is vulnerable to energy supply shocks, with crude oil stocks covering only about 25 days of demand and about 40% of its petroleum imports flowing through the Strait of Hormuz.

News Source:- https://economictimes.indiatimes.com/news/economy/policy/india-says-it-needs-to-build-resource-buffers-reprioritise-fiscal-spending/articleshow/129162903.cms
 
 
 

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