India, Oct. 27 -- By Nikhil Dedha

Mumbai (Maharashtra) [India], October 27 (ANI): The West Asia crisis could have a fiscal impact of around Rs 1.35 lakh crore on the government so far, but the Centre may be able to absorb this pressure through routine expenditure savings without cutting spending, Aditi Nayar, Chief Economist at ICRA, told ANI in an exclusive interview.

Nayar said higher allocations for fertiliser and LPG subsidies, along with lower-than-budgeted excise duty collections following excise cuts, could add to the pressure on government finances. Some impact could also come from direct taxes and dividends from oil marketing companies.

However, she said these pressures could be partly offset by higher-than-expected customs du...