Blademaster
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The net is due to oil imports for domestic use. Other than that it looks very good for India.226 billion was till end of Feb, good chance to hit 250 billion in services. Also in that same link it says services trade surplus was around 95 biliion, so should cross 100 billion in services surplus.
So in summary trade balance :
Merchandise: -193
Services: + 104 (approx)
Net: - 89 billion.
Should be fine as our remittance and net FDI flow should be able to cover that. Hopefully India hits positive trade balance soon.