India Austerity Steps Bolster Economy Amid Iran War

India's government is implementing austerity measures to strengthen its economy and mitigate the impact of the ongoing Iran war. These actions are primarily aimed at curbing foreign capital outflows, a move designed to stabilize the nation's financial markets. By tightening fiscal policies, India seeks to create a buffer against potential economic disruptions stemming from geopolitical tensions in the Middle East. The focus is on ensuring domestic economic resilience in the face of international conflict and its ripple effects on global trade and investment.