New Delhi, Feb. 3 -- India's nominal GDP growth for FY27, pegged at 10% in the Union Budget, could turn out higher if the proposed India-US trade deal goes through, which is expected to boost domestic manufacturing, Department of Economic Affairs (DEA) secretary Anuradha Thakur said.

Nominal gross domestic product (GDP) measures economic output at current market prices, without adjusting for inflation, and is crucial for tax revenues because taxes are collected on current prices and incomes, not inflation-adjusted values.

"Probably we can expect an uptick, post the trade deal with the US," Thakur said said in an interview.

The trade agreement, she added, is expected to provide a meaningful push to manufacturing, which accounts for over...