The Indian economy is facing pressure due to the ongoing conflict in the Middle East, which has led to high crude oil prices and an increased subsidy burden. Finance Minister Nirmala Sitharaman is reviewing options to maintain fiscal stability without cutting capital or defense expenditure. The fiscal deficit for the first month reached ₹3.6 lakh crore, nearly double compared to last year. Concerns include the rising oil import bill, depreciation of the rupee to record lows against the dollar, and potential spikes in fertilizer subsidy costs. The government is treading carefully as spending cuts could impact welfare schemes or invite political criticism from states. https://sambad.in/business/india-economy-under-pressure-government-reviews-spending-cuts-amid-rising-oil-prices-12002368 #creator program