New Delhi, April 1 -- The possible trade agreement between India and the United States could include key sectors such as agriculture, automobiles, and pharmaceuticals, says a report by Jefferies.

These sectors are considered politically and economically sensitive for India due to high tariff rates.

The report said "A trade agreement with the US would likely include the high tariff items, which could be politically / economically sensitive for India. These include agri commodities"

The report highlighted that India has maintained high import duties on many goods, including automobiles and electronics, to protect domestic industries from competition, particularly from China. However, in trade negotiations with the U.S, India may have to ...