India’s growth to get at least 20-30 bps boost with US trade deal; GDP growth could cross 7% in FY27, say economists

India's economy is showing signs of growth and change as of 2026. Experts and government officials are closely watching trade relations between India and the United States. There are hopes that a successful trade deal could help boost India's economy further. Key Highlights: - A successful trade deal with the US could increase India's GDP growth rate beyond 7%. - The Economic Survey 2026 predicts India's GDP growth for the 2026–27 fiscal year to be between 6.8% and 7.2%. - The Asian Development Bank has lowered India's growth forecast for the fiscal year 2027 to 6.5% due to US tariffs impacting exports and manufacturing. - As of February 2026, India and the US have not yet finalized a trade deal. Current Status: As of now, there is no official confirmation that India and the US have completed a trade agreement. Discussions are ongoing, and while there are positive expectations, nothing has been officially announced. India's Chief Economic Advisor has mentioned that a trade deal could help push the country's economic growth beyond 7%. Meanwhile, the official economic forecast for the upcoming year projects growth between 6.8% and 7.2%. On the other hand, the Asian Development Bank has adjusted its outlook downward, citing US tariffs as a factor that may slow down India's export and manufacturing sectors. Why It Matters: Trade agreements can have a significant effect on a country's economy. A deal with the US, one of India’s major trading partners, could improve economic growth and create more opportunities for businesses. It might also help India compete better in global markets. However, the absence of a confirmed deal means India continues to face uncertainties that could affect its economic outlook. The projections from different organizations show varying expectations, reflecting the complex nature of international trade and economic policy. Important Dates / Numbers: - The forecast for India’s GDP growth during 2026–27 is between 6.8% and 7.2%. - India's growth forecast for FY27 has been revised downward to 6.5% by the Asian Development Bank. - As of February 2026, no official trade deal has been finalized between India and the US. Official Position: There has been no official confirmation from either India or the US regarding the finalization of a trade deal. While the Indian Chief Economic Advisor has expressed optimism about a potential deal boosting economic growth, the current status remains that negotiations are still underway. The situation continues to develop, and officials are likely monitoring the progress closely.