India’s Top Economic Officials Talk Up Growth as US Tariffs Hit

India’s finance minister and central bank governor sought to reassure investors about the economy’s outlook on Friday as US President Donald Trump’s tariffs weigh on growth prospects and roil financial markets.

The economy is facing unprecedented global uncertainty, but “our capacity to absorb shocks is strong,” Finance Minister Nirmala Sitharaman said at the Kautilya Economic Conclave in New Delhi. “India’s growth is firmly anchored in its domestic factors, which minimizes the impact of external shocks on overall growth,” she said.

Addressing a session later at the conference, Reserve Bank of India Governor Sanjay Malhotra said strong foreign exchange reserves, low ...