RBI's preliminary Balance of Payments data showed India recorded a Current Account Surplus of $4.7 billion in Q4 FY2025-26 (January-March 2026) — a remarkable reversal from a $4.8 billion deficit in the same period of the previous year. Key drivers: remittances surged to $16 billion (from $9.4 billion), and net services exports reached $18.6 billion. The merchandise trade deficit widened to $27.9 billion, while FDI inflows more than doubled to $11.4 billion and net FPI outflows rose to $8.7 billion. This positions India's external sector favourably for global investors and credit rating assessments.
Economy
India Records $4.7 Billion Current Account Surplus in Q4 FY26 — Remarkable Reversal from $4.8 Billion Deficit; RBI Data
Key Points
- RBI's preliminary Balance of Payments data showed India recorded a Current Account Surplus of $4.7 billion in Q4 FY2025-26 (January-March 2026) — a remarkable reversal from a $4.8 billion deficit in the same period of the previous year
- Key drivers: remittances surged to $16 billion (from $9.4 billion), and net services exports reached $18.6 billion
- The merchandise trade deficit widened to $27.9 billion, while FDI inflows more than doubled to $11.4 billion and net FPI outflows rose to $8.7 billion
- This positions India's external sector favourably for global investors and credit rating assessments
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• India Q4 FY26 Current Account: $4.7B surplus (vs $4.8B deficit Q4 FY25); RBI preliminary BoP data • Drivers: Remittances $16B (from $9.4B) + Net Services exports $18.6B • Merchandise trade deficit: $27.9B; FDI: $11.4B (doubled); FPI: net outflow $8.7B • Balance of Payments: Current Account + Capital Account + Financial Account
