Directions: In the statements given below, a blank has been given. This needs to be filled up using a correct combination of words from the options mentioned below. The statement so formed must be contextually and grammatically sound.

Rising energy prices are ________ India’s trade and current account deficits, while the government has also loosened its fiscal deficit targets to finance increased spending ahead of general elections.

A. Decreasing

B. Reducing

C. Widening

D. Increasing