02-May-2026
Economy News
 
‘Coming quarters going to be very difficult’: Finance Ministry official explains how Iran US war affects India’s FY26 budget
02-May-2026

In a notable development, a top official from the ministry of Finance on Friday has issued the department’s first detailed official response on the impact of the ongoing war between Iran, US and Israel on the Indian economy. Ministry of Finance’s Expenditure Secretary V Vualnam on Friday talked about the increasing cost of the conflict in West Asia that’s being borne by the Indian government and its impact on capex and FY 26 budget announced earlier this year.

News Source:- https://www.financialexpress.com/business/news/coming-quarters-going-to-be-very-difficult-finance-ministry-official-explains-how-iran-us-war-affects-indias-fy26-budget/4224611/
 
 
 

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