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India's seven percent growth outlook could be at risk if oil prices remain elevated.
Economists warn that higher energy costs may lift inflation and weigh on corporate margins.
The reporting also says a sustained oil shock could pressure the rupee and widen the current account deficit.
Strong domestic demand still supports the economy.
Why it mattersSustained oil above $90 could raise import costs and weaken India’s growth trajectory.
More context
Government capital expenditure is also described as a buffer against external energy headwinds.