💨 Abstract
The article discusses the financial impact of military conflicts on neighboring countries, focusing on India. The Kargil War in 1999 significantly affected India's fiscal deficit, pushing it to 5.2% of GDP. Recent tensions with Pakistan in 2025, though different in context, are expected to impact India's finances. Finance Minister Nirmala Sitharaman's budget for 2025-26 aimed for a 4.4%
Courtesy: theprint.in
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