DEVELOPMENTS IN INDIA'S BALANCE OF PAYMENTS DURING THE FIRST QUARTER (APRIL-JUNE) OF 2026-27

MUMBAI, India, Sept. 1 -- Reserve Bank of India issued the following press release:

Preliminary data on India's balance of payments (BoP) for the first quarter (Q1) of 2026-27, i.e., April-June 2026, are presented in Statements I (https://rbidocs.rbi.org.in/rdocs/content/docs/BOPS01092026_1.xlsx) and II (https://rbidocs.rbi.org.in/rdocs/content/docs/BOPS01092026_2.xlsx).

Key Features of India's BoP in Q1:2026-27

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India's current account deficit stood at US$ 4.2 billion (0.5 per cent of GDP) in Q1:2026-27 as compared to US$ 3.4 billion (0.4 per cent of GDP) in Q1:2025-26 (Table 1).

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Merchandise trade deficit at US$ 86.1 billion in Q1:2026-27 was higher than US$ 68.9 billion in Q1:2025-26.

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Net services receipts increased to US$...