February 13, New Delhi – According to an SBI Research report, India’s trade surplus with the United States could exceed $90 billion annually, driven by increasing exports and higher import potential.
The agreement with the US, following a series of trade deals with the EU and the UK, places India in a unique strategic position, poised for significant gains.
The report states that India's export of $1.36 billion in agricultural commodities will receive zero additional US duty access. Exports of agricultural commodities to the US are also set to increase, with 75% now at zero tariff.
Indian exporters could increase their exports of the top 15 items to the US by $97 billion annually, with total exports potentially exceeding $100 billion after recent tariff reductions.
The trade surplus is already showing strong growth, reaching $40.9 billion in FY25 and $26 billion in FY26.
The report notes that this additional export push could help push the surplus beyond $90 billion annually, potentially contributing 1.1 percent to India's GDP.
