New Delhi, Feb. 3 -- Goldman Sachs has flagged a positive macroeconomic outlook for India following the conclusion of the US-India trade deal that lowers American reciprocal tariffs on Indian goods to 18%.

In its report titled "India: US-India conclude trade deal: President Trump lowers 'reciprocal' tariffs on India to 18%", Goldman Sachs noted that President Trump announced on social media a reduction in the reciprocal tariffs on Indian goods imports to 18% down from the earlier 25%, 'effective immediately'.

The report added that "on implementation, the deal would lower India's tariff rate and bring it in line with most other Asian countries of around 15-19%"

Assessing the growth impact, Goldman Sachs said, "we estimate an incremental...