India can still grow above 7 percent even with crude at 100 a barrel

Published on 24 April 2026

Demand, not oil relief, is powering growth

India’s economy could keep expanding above 7 percent a year even if crude oil stays elevated at about USD 90–100 per barrel, according to Assocham. The industry group points to historical patterns showing consumption-driven resilience and expects growth to remain strong through 2026–27, despite some global forecasts calling for a slowdown.

Assocham says India’s growth can stay above 7 percent despite high crude
Consumption is cited as the main cushion against oil price shocks
The projection extends to strong performance through 2026–27
It diverges from some international views of slower expansion

#economy #consumption #india growth #crude oil #ascocham

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India can still grow above 7 percent even with crude at 100 a barrel

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