NEW DELHI,  (PTI):- The Indian economy, largely driven by consumption, has the potential to grow over 7 per cent annually even if crude oil costs USD 90-100 per barrel, industry body Assocham said on Wednesday.

India’s resilience to high energy costs has increased significantly over the years, as the country has absorbed severe oil shocks while growth has remained strong, it said.

Based on its analysis, the industry body said that India has demonstrated its ability to manage high energy prices without compromising its economic growth trajectory.