06-July-2026
Economy News
 
Fall in global crude prices brightens fiscal outlook, El Nino risks linger
06-Jul-2026

A sharp decline in global crude oil prices following the easing of tensions in West Asia has improved India's fiscal outlook, with economists now expecting a much smaller slippage from the Centre's fiscal deficit target of 4.3% of gross domestic product (GDP) for 2026-27 than anticipated a few weeks ago.

News Source:- https://economictimes.indiatimes.com/news/economy/indicators/fall-in-global-crude-prices-brightens-fiscal-outlook-el-nino-risks-linger/articleshow/132201863.cms