New Delhi, March 7 -- The Iran war is unlikely to have any impact on India's fiscal arithmetic in the current financial year ending March, two persons aware of the discussions said. A prolonged conflict, however, could weigh on the FY27 subsidy bill, but the government will account for it during the course of the year.

The Centre is currently weighing all possible effects of the Iran war on the Indian economy, and considering ways to shield it from disruptions in trade and energy supplies if it drags on, the people cited above said on the condition of anonymity. It assesses that until the end of March, when the financial year closes, farmers will be using fertilizers already procured or in the supply chain. Therefore, any potential hike ...