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India Trade Surplus with US May Cross $90 Billion: SBI
SBI projects India-US trade surplus crossing $90 billion.
India’s trade surplus with the United States may exceed $90 billion within a year, according to an SBI research report. Analysts highlighted rising exports in pharmaceuticals, information technology services, engineering goods, and specialty chemicals. The report indicated that evolving tariff adjustments and improved trade coordination could further expand bilateral flows. Economists said stable currency trends and sustained demand will support surplus growth.