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West Asia turmoil could drag India GDP below 6.5 percent CII warns
Economy
Published on 5 May 2026
Oil staying above 100 a barrel could hurt growth
India’s growth outlook is at risk as a prolonged West Asia crisis could push GDP growth below 6.5 per cent, CII President Rajiv Memani cautioned. He pointed to oil prices staying elevated beyond USD 100 per barrel as a key drag on economic activity, while interest rates are unlikely to ease quickly. CII also called for targeted support for MSMEs.
- CII warns GDP growth could slip below 6.5 percent
- Oil prices above USD 100 per barrel may weigh on activity
- Rate cuts seem unlikely in the near term
- Targeted relief for MSMEs is urged
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times