Oil shock fears overdone, India can grow above 8%: Neelkanth Mishra

India's economic growth is robust, with concerns over high crude oil prices being exaggerated, according to World Bank Executive Director Neelkanth Mishra.

He highlighted strong domestic demand and refining margins as buffers, suggesting growth could exceed 8% and remain in the 7.5-8% range even with elevated oil prices.

Mishra believes the economy is well-positioned to absorb price shocks.