New Delhi, Feb. 4 -- India's economy could grow faster than earlier projected after the United States sharply reduced tariffs on Indian goods, Chief Economic Adviser V. Anantha Nageswaran said on Tuesday.

He indicated that growth could be close to 7.4 per cent, compared with the 6.8-7.2 per cent range projected in the Economic Survey released last week.

Speaking in an interview with Bloomberg Television, Nageswaran said the revised assessment followed the tariff announcement made late on Monday and would require further analysis.

Impact on Growth and Investment

The reduction of US tariffs to 18 per cent is expected to ease pressure on India's exports and investment at a time of weak global demand.

The move could also make India more ...