The Associated Chambers of Commerce and Industry of India (Assocham) has stated that the Indian economy can sustain a growth rate exceeding 7% annually, even if crude oil prices rise to between $90 and $100 per barrel. This assertion highlights India's increasing resilience to high energy costs, as evidenced by its ability to maintain growth during periods of elevated oil prices. For instance, in 2022-23, India's economy grew by 7.6% despite an average oil price of $93 per barrel. Assocham's analysis indicates that India has historically recorded strong growth during times of moderate to high oil prices, with GDP growth remaining between 5.2% and 6.4% during the years 2011-14 when oil prices surpassed $100 per barrel. Looking ahead, Assocham anticipates that India's GDP growth will remain robust, supported by strong domestic consumption and capital investments. However, external factors, including geopolitical tensions and rising inflation risks, have prompted organizations like Moody's to revise India's growth estimates downward, projecting a growth rate of 6% for the current fiscal year.