Middle East energy shock tightens India’s growth and fiscal outlook experts warn now

Energy prices hit finances as rupee and yields slip

A new S&P assessment says India’s economy is taking a hit as Middle East conflict ripples into energy prices and supply. Higher fuel costs are straining public and private finances, while rising bond yields, stubborn inflation, and a weakening rupee weigh on growth prospects. Analysts urge faster reforms and stronger energy and food security through self-sufficiency and diversification.