AgenciesRepresentative imageA surge in global crude oil and natural gas prices amid the West Asia conflict is likely to complicate India's fiscal position in FY2027, potentially increasing subsidy burdens and pressuring revenues, ratings agency ICRA said. Crude prices have more than doubled from pre-crisis levels, raising input and logistics costs and disrupting supplies, including key fertiliser inputs, the agency said. This could lift the government's fertiliser and LPG subsidy outgo while wei...