Topic
q4
Business India's Invisible Surplus Widens to $90.5 Billion in Q4 FY26 as Remittances Jump 30%
India's invisible surplus widened to $90,513.93 million in Q4 FY26, up 24.05% year-on-year, driven by a 30% jump in remittances and robust services exports. For FY26, the surplus expanded 18.20% to $312,047.60 million, providing a larger cushion to the current account.
Finance India's MFI Portfolio Contracts 17% in FY24 but Shows Stabilization Signs in Q4
India's microfinance sector saw its total portfolio shrink 17% year-on-year to Rs 2,77,053 crore as of March 31, 2026, according to the MFI Pulse Report by Equifax and SIDBI. However, a 3% quarter-on-quarter growth in Q4 marks the first sequential expansion in several quarters, indicating early signs of stabilization. The report also highlights a shift towards existing borrowers, moderating leverage in key states, and rising loan sizes, while asset quality shows improvement in near-term delinquencies but rising stress in older loan cohorts.
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.