The impact of the Brexit vote on India would not be significant, as the underlying fundamentals of the economy were robust, Indian Finance Minister Arun Jaitley told CNBC.
The U.K. voted on Thursday to leave the European Union (EU), in a decision that left global financial markets reeling and raised doubts over the fate and composition of the economic and political bloc.
Concerns that the financial market ructions would spill over to the global economy also rocked assets in emerging markets including India, which is the world's fastest-growing major economy.
Jaitley appeared sanguine, however, tipping normalcy to return in the coming days.
"If you have strong fundamentals in terms of deep foreign exchange reserves, a high growth rate, somewhat restrained inflation, a not significant current account deficit and maintaining fiscal discipline. If all these parameters are met, as they are in India, I think the impact will not be significant," Jaitley told CNBC in an interview.