India's Growth Surge Meets the $95 Oil Wall: RBI's $136B Buffer Under Test

India's economy roared to a 7.8% GDP growth in Q1 FY27, beating forecasts and marking a world-beating expansion. However, this domestic triumph is now colliding with a global storm as US-Iran strikes have sent crude oil prices surging toward $95, threatening to inflate India's import bill and pressure the rupee.

Headwinds

• Oil price shock: Crude has spiked to near $95 due to escalating Middle East tensions, directly impacting India's trade deficit,...