$100 Crude Threatens India's Finances: ₹30,000 Cr Monthly Burden Amid Middle East Crisis

• Elara Securities report warns $100 crude could cost Centre ₹30,000 crore monthly.
• Sustained $100 Brent crude till FY27 could raise annual expenditure by ₹3.6 lakh crore due to subsidies.
• Middle East crisis may widen India's CAD to 2% of GDP and weaken Rupee to 94-95 against US dollar.
• Disruptions in the Strait of Hormuz pose a major risk to global oil supply.
• Prolonged high crude prices could lead to reduced tax collections, wider fiscal deficit, and scaled-back capital expenditure.