India’s industrial stress in a $100 oil world

BGA India Managing Director Anuj Gupta argues that a $100 oil environment is exposing India’s deep industrial vulnerabilities. Rising energy, logistics and input costs are squeezing margins across pharmaceuticals, fast-moving consumer goods, manufacturing and utilities. He warns this is a structural stress test, demanding faster energy transition, supply chain resilience and proactive policy responses rather than short‑term fixes. (March 20, 2026)