UK Trade Deal to Lift India GDP by Quarter Point, Elara Says

India’s free trade agreement with UK can boost growth for Asia’s third largest economy by a quarter point over the next five years, according to Elara Capital.

“We see immediate benefit of 10-15 basis points on India growth over next two years,” said economist Garima Kapoor in an interview with Bloomberg TV’s Paul Allen on Friday, adding that gross domestic product could jump by about 25 basis points over five years.