India’s Services Trade Surplus Eases Pressure From US Tariffs, Set To Touch Record $207 Billion

India’s external sector outlook in FY26 is being shaped by a complex interplay of robust services exports, resilient remittance inflows, and mounting headwinds across merchandise trade, particularly in the wake of US tariff actions.According to a recent report by ICRA, India’s services trade surplus is expected to reach a record $205–207 billion in FY26, cushioning the economy against external
India’s external sector outlook in FY26 is being shaped by a complex interplay of robust services exports, resilient remittance inflows, and mounting headwinds across merchandise trade, particularly in the wake of US tariff actions.According to a recent report by ICRA, India’s services trade surplus is expected to reach a record $205–207 billion in FY26, cushioning the economy against external
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