NEW DELHI (Reuters) - India's government expects oil prices to rise as high as $120 per barrel for several months because of fighting in Iraq, potentially driving a hole of at least 200 billion rupees (1.9 billion pounds) in the budget, two government sources told Reuters.
Prime Minister Narendra Modi won last month's general election by a landslide with promises of faster economic growth and new jobs, tapping into voter anger over India's longest slowdown in a quarter of a century.
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