$100 crude is an irritant, not a deal-breaker for India: Harsh Gupta Madhusudan

India's economy may be able to withstand higher oil prices, with some experts suggesting that a $100 crude price is more of an inconvenience than a major obstacle. This is according to Harsh Gupta Madhusudan, who believes that India's growth, valuations, and external balances provide a buffer against the impact of higher oil costs. However, this does not mean that higher oil prices will have no effect, as they could still pressure earnings and the rupee.

Why it matters

Higher oil prices may pressure earnings and the rupee, but India's growth backdrop and valuations could mitigate the impact. This could lead to a relatively stable market for India.

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