India's economy is poised for significant acceleration following a landmark trade agreement with the United States, according to Rahul Bajoria, Head of India and ASEAN Economic Research at BofA Global Research. Immediate benefits and growth projections The reciprocal tariff agreement, which follows closely on the heels of the EU Free Trade Agreement, is expected to provide an immediate boost to Indian exports. BofA has already raised its GDP forecast for India from 6.5% to 6.8% earlier this year, and Bajoria now indicates further upside potential, with growth potentially reaching 7%.