New Delhi, Oct. 28 -- Sustained high crude oil prices could reduce India's GDP growth by around 0.25 percentage points for every USD 10 increase above a baseline of USD 70 per barrel, while also widening the current account deficit (CAD) and adding to inflationary pressures, Ranen Banerjee, Partner and Leader, Government and Public Sector (GPS), PwC India, told ANI in an exclusive interview.

Banerjee said elevated crude oil prices pose a significant challenge to India's macroeconomic stability, with their impact extending across the broader economy, including inflation, corporate input costs and consumer demand.

"The high crude prices are a challenge for the Indian economy, and they kind of trickle down to various segments of the macroe...