New Delhi, June 8 -- India's current account surplus narrowed in the last quarter of FY26 to $7.1 billion (0.7% of GDP) compared to $13.7 billion (1.4 per cent of GDP) in the same period last year.

The narrowing of surplus in the last quarter of FY26 was driven by a higher merchandise trade deficit, which came in at $83.4 billion compared to $59.3 billion in Q4 of FY25.

Net services receipts increased to $60.4 billion in the January-March quarter of 2025-26 from $53.3 billion in the same period last year.

India's current account deficit (CAD) for the fiscal year FY26 stood at 0.6 per cent of GDP compared to similar figures reported in the same period last year.

In absolute terms, the deficit expanded to $25.2 billion in FY26 compared ...