New Delhi, Feb. 9 -- India's economy is now expected to grow 6.9% in calendar year (CY) 2026, up from an earlier projection of 6.7%, buoyed by lower tariffs on Indian exports under the framework of an interim trade agreement with the US, Goldman Sachs Research said on Monday.

India and the US released a joint statement on 6 February, outlining a framework for an interim agreement regarding "reciprocal and mutually beneficial trade". The agreement details sector-specific tariff reductions following US President Donald Trump's announcement to lower "reciprocal" tariffs on Indian exports.

Further, the US has issued an executive order withdrawing the additional 25% levy imposed on India over its purchases of Russian oil.

"We upgraded our f...