Topic
services exports
India's services exports narrow gap with goods trade as overall trade grows 5.4% in Q4FY26: NITI Aayog
According to a NITI Aayog report, India's total trade grew 5.4% in Q4FY26 to $1.84 trillion. Services exports reached $421 billion in FY2026, narrowing the gap with merchandise exports of $442 billion. The services surplus rose from $47.9 billion in Q1 to $60.4 billion in Q4, offsetting the merchandise trade deficit. Pharmaceutical exports stood at $25.8 billion in 2025, with formulated drugs increasing global market share.
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.