India recorded a current account surplus of $7.1 billion, equivalent to 0.7% of GDP, in the January-March quarter of FY26, according to Reserve Bank of India data released on Monday.The surplus was lower than the $13.7 billion, or 1.4% of GDP, recorded in the corresponding quarter of FY25, according to news agency PTI.However, for the full financial year 2025-26, the current account deficit stood at $25.2 billion, or 0.6% of GDP, compared with $22.9 billion, also 0.6% of GDP, in FY25.“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.The central bank said services exports registered year-on-year growth across major segments, including computer services and other business services.At the same time, the merchandise trade deficit widened significantly during the quarter. The merchandise trade gap rose to $83.4 billion in Q4 FY26 from $59.3 billion in the year-ago period, according to the RBI data.Despite the higher trade deficit, robust services exports helped India remain in current account surplus during the January-March quarter.
