New Delhi, March 7 -- India's export growth has been hampered over the past decade due to a combination of high import tariffs and low foreign direct investment (FDI) in mid-tech manufacturing sectors, according to a report by HSBC.

The report suggests that potential trade tariffs under U.S. President Donald Trump's administration could serve as a catalyst for change, provided India implements deeper reforms.

It said "The combination of high import tariffs and low FDI in mid-tech sectors has hurt India's export potential over the past decade. One positive from the potential US trade tariffs is that they could become a catalyst for change, but reforms must run deep".

The study in the report examines India's economic performance over two...