(Reuters) – A successful trade deal between India and the U.S. could energise exports and open up new market access, India’s finance ministry said in its monthly economic review on Tuesday.
“A successful U.S.-India trade agreement could flip current headwinds into tailwinds, opening up new market access and energising exports,” the report said.
It also said that the government’s direct tax exemptions, fiscal measures and rate cuts from the central bank could accelerate recovery and lift growth towards the upper end of forecasts of 6.3% to 6.8%.
(Reporting by Aftab Ahmed and Manoj Kumar; writing by Shilpa Jamkhandikar; editing by Mark Heinrich)
