New Delhi, Oct. 5 -- Trade deals can spark a manufacturing renaissance for India, and a consistent, moderately high annual growth rate of 6%-7.5% over an extended period of time without any macroeconomic instability can transform the country, Franziska Ohnsorge, chief economist, South Asia Region, World Bank, said.

Merchandise and service exports offer India significant investment potential and scope to raise their share in gross domestic product (GDP), driven by trade deals as well as artificial intelligence (AI)-led productivity gains in the service sector, Ohnsorge said at a select press interaction on Saturday on the sidelines of the Kautilya Economic Conclave 2025 organized by the Union finance ministry.

Sustained growth at a respe...