India can grow over 8% despite oil shocks, crude impact overblown in narrative: World Bank exec
- Posted on June 7, 2026
- By Business News Today
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- 1 min read
India can grow over 8% despite oil shocks, crude impact overblown in narrative: World Bank exec
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%.
