India's capital account surplus is expected to rise to around USD 105 billion, or 2.6 per cent of GDP, in FY27, supported by stronger foreign capital inflows, higher external commercial borrowings (ECBs), fresh FCNR(B) deposits, improved portfolio investments, and resilient foreign direct investment (FDI), according to a report by Motilal Oswal Financial Services. The brokerage said India's external sector has become more resilient due to steady growth in services exports and remittance inflows. It noted that the country continues to record a monthly services trade surplus of around USD 16-17 billion, providing a strong cushion against the merchandise trade deficit