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Home > All news > Economy, Report & Analysis, Trade > Services tax surplus and robust remittances may help India in overcoming tariff hikes by US: CRISIL

Services tax surplus and robust remittances may help India in overcoming tariff hikes by US: CRISIL

November 19, 2024
Reading Time: 2 minutes
Services tax surplus and robust remittances may help India in overcoming tariff hikes by US: CRISIL

Mumbai - The tariff hikes proposed by Donald Trump may pose threat to India's exports but the country's surplus in services trade and robust remittances flow may provide comfort, highlighted a report by CRISIL.The report stated that India's export sector is navigating multiple challenges, including geopolitical uncertainties and these factors could pose risks to India's export performance.It said "the surplus in services trade and robust remittances flow provide some comfort and should help keep the current account in safe zone".

The report highlighted that the fiscal year began on a positive note . . .

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Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.

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