JPMorgan Sees India as ‘Bright Spot’ Despite Tariff Woes (1)

JPMorgan Chase & Co. sees India standing out as a “bright spot” in a challenging global economic landscape, thanks to its robust domestic growth and limited reliance on exports, according to Sjoerd Leenart, the bank’s top executive for Asia Pacific.

“Sure, it has its share of issues — the tariffs, now the H1B visa issues. But overall it has a strong hand to play,” Leenart said in an interview with Bloomberg Television in Mumbai, where it is holding its annual India conference. The Wall Street bank is confident India can get through the tariff issues, “and will land in ...