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India can grow above 7 pc even if crude oil costs USD 90-100/barrel: Assocham

India's economy shows resilience to high oil prices. Consumption drives growth, allowing over 7 percent annual expansion even with crude oil at USD 90-100 per barrel. Historical data supports this trend. Assocham predicts continued strong growth above 7 percent through 2026-27. This outlook contrasts with some international forecasts predicting moderation.

22 Apr 2026 9:35 pm