India's current account recorded a surplus of USD 7.1 billion (0.7% of GDP) in Q4 FY26 (January-March 2026) per RBI data, a sharp turnaround from the USD 13.2 billion deficit (1.3% of GDP) in Q3 FY26. The surplus was driven by strong net services exports of USD 60.4 billion and record remittances of USD 43.5 billion from overseas Indians. Despite a high merchandise trade deficit of USD 83.4 billion, the Balance of Payments (BoP) returned to a surplus of USD 7.2 billion.
Economy
India Records Current Account Surplus of USD 7.1 Billion in Q4 FY26; Record Remittances USD 43.5 Billion
Key Points
- India's current account recorded a surplus of USD 7.1 billion (0.7% of GDP) in Q4 FY26 (January-March 2026) per RBI data, a sharp turnaround from the USD 13.2 billion deficit (1.3% of GDP) in Q3 FY26
- The surplus was driven by strong net services exports of USD 60.4 billion and record remittances of USD 43.5 billion from overseas Indians
- Despite a high merchandise trade deficit of USD 83.4 billion, the Balance of Payments (BoP) returned to a surplus of USD 7.2 billion
📋
📎 Read original source ↗Exam Note
• India Q4 FY26 Current Account: +USD 7.1 billion (0.7% of GDP); turnaround from Q3 deficit of USD 13.2B • Record remittances: USD 43.5 billion; Net services exports: USD 60.4 billion • BoP surplus: USD 7.2 billion; Merchandise trade deficit: USD 83.4 billion • India: world's top remittance recipient country
