Mumbai, March 9 -- In a sharp assessment of India's macroeconomic vulnerabilities, Neelkanth Mishra, Chief Economist of Axis Bank and Head of Global Research at Axis Capital, warned that a sustained spike in global energy prices could severely disrupt India's growth trajectory and balance of payments.

In an interview with ANI, Mishra highlighted that India's heavy reliance on imported "dense energy" makes it a primary target for global price volatility.

"Every dollar increase per barrel costs approximately $1.8 billion annually. For instance, a $50 increase in oil prices represents a $90 billion impact, which is more than 2% of our GDP if sustained for a year."

Mishra's analysis centres on India's deep-rooted exposure to imported commo...