India, April 22 -- Indian shares may open higher on Wednesday as optimism grew over a potential easing of trade tensions between the U.S. and China.

Investors may also react favorably to reports suggesting that the White House is nearing general agreements with Japan and India on trade.

Both U.S. Vice-President JD Vance and Indian Prime Minister Narendra Modi have touted progress in talks for a trade deal between the two countries.

The two leaders also noted continued efforts toward enhancing cooperation in energy, defense and strategic technologies, among others.

On the flip side, the International Monetary Fund slashed the global growth forecasts for this year and next, citing the potential impact of the trade tariffs imposed by U.S. ...