India a bright spot in a difficult global economic environment: JPMorgan

JPMorgan Chase & Co. views India as a bright spot in a difficult global economic environment, owing to its strong domestic growth and limited dependence 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 issue. But overall, it has a strong hand to play, Leenart said in Mumbai, where the bank is hosting its annual India conference. The Wall Street bank believes India can navigate the tariff challenges and will land in a good place. While it is too early to gauge the full impact of the proposed H-1B changes, Leenart said it was reassuring that the fee does not affect existing H-1B visa holders, as per a report.

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