Oil at $100 won't knock India off course: World Bank
Synopsis India's economy shows strong growth, defying fears of oil price shocks. Neelkanth Mishra, World Bank Executive Director, states India is well-positioned to handle higher
Synopsis India's economy shows strong growth, defying fears of oil price shocks. Neelkanth Mishra, World Bank Executive Director, states India is well-positioned to handle higher oil prices.
Domestic demand remains robust, with positive indicators in car sales and mall footfalls. India's refining capabilities offer a buffer, mitigating the impact of crude price
increases. Growth is projected to remain strong, near 7.5-8%.
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