How persistently high oil prices could impact India's vulnerable economy

India's external balance and government finances could be hit if oil prices stay high foran extended period, economists have said, as the Iran war pushesup oil import ​costs and the subsidies needed to keep keycommodities affordable.India is considered to be among the most ‌vulnerable to aglobal oil shock as it imports nearly 90% of its ​cruderequirements and about 50% of its gas requirements. Over half ofits crude ⁠is from the Middle East, where export flows have beendisrupted by the U.S.-Israeli war on Ir ...