Mishra says India can absorb $100 oil better now
In short
Neelkanth Mishra said India could cope with $100 oil better than it used to. He pointed to stronger services exports and more money sent home by Indians abroad as support.
That may help cover a bigger oil import bill. But the reporting did not say how much of the cost would be offset or what happens next.
What the reporting says
World Bank executive Neelkanth Mishra said India could handle $100 oil better than before, citing higher services exports and remittances. The publisher summary says those inflows may offset much of the extra oil import bill, while AI risks to IT services may be smaller than feared. The exact size of the offset and any policy response were not stated in the available reporting.
Why it matters
Neelkanth Mishra said India could deal with $100 oil better than in the past, according to the publisher summary. The reported reason was stronger services exports and remittances, which could cushion the oil import bill. The story also mentioned that AI risks to IT services may be smaller than feared. It did not quantify the offset or provide a policy decision.