New Delhi, July 26 -- Arvind Panagariya, Chairman, 16th Finance Commission, has expressed strong optimism about the prospects of an India-US trade agreement, calling it a potential 'game changer' for India's economy and its appeal to global investors.

Speaking during an interaction at the Consulate General of India in New York this week, the eminent economist and former NITI Aayog Vice Chairman said the proposed trade deal would result in substantial liberalisation in India and position the country more competitively on the global stage.

"A lot of the current things that are underway are very exciting," Panagariya remarked, highlighting the India-US and India-EU trade negotiations as critical developments.

"The India-US trade agreement...