New Delhi, April 16 -- India's potential trade deal with the US may take time, but it is more likely to happen in the next few months, and it could help India gain a share in the US market. However, a report by Morgan Stanley says elevated tariffs between the US and China may impact global growth and global trade.

"We assume that India and US will be able to conclude and implement a bilateral deal over the next few months. However, to the extent tariffs between US and China remain at elevated levels, global growth and trade are likely to take a hit." said the report

The report noted that risks from global capital flows or volatility in currency may make it more challenging for policy makers to address the growth risks. However, if the U...