India-US trade deal: New Delhi’s trade surplus with Washington from exports could exceed $90 billion, SBI report says. & more related News Here

Indian exporters are likely to increase exports of their top 15 commodities to the US by $97 billion annually, with total exports potentially crossing $100 billion annually following the recent tariff cuts.“India’s trade surplus with the US could thus cross US$90 billion annually… As per our preliminary estimate, Indian exporters could increase their exports of the top 15 items to the US to about US$97 billion a year,” the report quoted ANI as saying. Falling tariffs have opened up new opportunities for Indian exporters to capture a larger share of the US market.The trade surplus is already showing strong signs of growth. It reached $40.9 billion in FY25 and $26 billion in FY26 (April–December). Additional export incentives could help increase the surplus to more than $90 billion annually, potentially adding 1.1 percent to India’s GDP.Currently, the US accounts for about 20 percent of India’s exports but only 7 percent of its imports. America’s share in services imports is only 15 percent. This gap suggests that India remains an untapped market for American goods and services.In terms of imports, India has committed to buy US goods worth $500 billion over the next five years. Excluding services, the US can potentially export goods worth more than $50 billion to India annually. Import values ​​could rise by $55 billion as India agrees to cut or eliminate tariffs on US industrial goods and agricultural products.Some US products already have a strong presence in Indian imports, accounting for between 20-40 per cent. For example, the US supplies 90 percent of India’s almond imports. The tariff reduction could help India save $100-150 million of foreign exchange on these items alone. Total foreign exchange savings from lower or zero import duties could reach $3 billion, with the possibility of even more through import substitution.