India’s Budget: Petroleum Impact http://bloom.bg/1wSAOcS India’s budget due Feb. 28 may include details on how to refocus the country’s energy subsidies. This may help reduce the budget deficit while also freeing up funds for India firms to invest in oil and gas exploration and much-needed infrastructure. The government, trying to sell state assets to cut the deficit, may have to address investor concerns regarding subsidy allocations and natural-gas prices. Investors will be watching for evidence that Modi’s planned reforms are achievable.