Topic
balance of payments
Business Heavy Selling by Foreign Funds Drives India's Balance of Payments Deficit to $6.6 Billion in April
India's balance of payments recorded a deficit of $6.6 billion in April 2026, reversing a surplus of $0.5 billion a year earlier, driven by a sharp deterioration in the capital account. Foreign portfolio investor outflows widened to $8.7 billion, while the current account moved to a surplus of $4.7 billion, boosted by higher remittances and services exports.
Business India Posts $7.1 Billion Current Account Surplus in Q4 FY26 as Services Exports and Remittances Surge
India posted a current account surplus of $7.1 billion (0.7% of GDP) in Q4 FY26, supported by higher services exports and remittances, according to RBI data. The merchandise trade deficit widened to $83.4 billion, but net services receipts rose to $60.4 billion. For the full year, the current account deficit widened to $25.2 billion. Net FDI inflows improved to $4.2 billion in the quarter, while FPIs recorded net inflows of $12 billion.