India records USD 7.1 bn current account surplus in Q4 FY26: RBI data

Mumbai: India reported a current account surplus of USD 7.1 billion, or 0.7 percent of GDP, in the January-March quarter of 2025-26, according to the Reserve Bank data released on Monday.

The surplus stood at USD 13.7 billion, or 1.4 percent of GDP, in the fourth quarter of 2024-25.

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However, for the entire fiscal year, the current account deficit stood at USD 25.2 billion, or 0.6 percent of GDP, compared to USD 22.9 billion, or 0.6 percent of GDP, during 2024-25.

"Net services receipts increased to USD 60.4 billion in Q4 2025-26 from USD 53.3 billion a year ago," according to RBI's data on Developments in India’s Balance of Payments during the Fourth Quarter (January-March) of 2025-26.

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Services exports increased on a year-on-year basis in major categories, such as computer services and other business services.

On the other hand, the merchandise trade deficit at USD 83.4 billion in Q4 2025-26 was higher than USD 59.3 billion in Q4 2024-25.

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