New Delhi, June 16 -- India's export outlook remains challenging in FY27 amid moderating global demand and elevated electronics imports, but the worst phase appears to be behind as a weaker rupee, resilient services exports and strong remittance inflows are likely to cushion external sector pressures, according to a report by Elara Securities.

The report noted that softer crude oil prices and easing freight costs in the coming months could help normalise India's import bill, providing some relief to the country's trade balance.

"India's export outlook is challenging for FY27, but worst is over," Elara Securities said in its outlook, adding that "softness in crude oil prices, and potential moderation in freight costs due to opening of th...