> Verified official-feed update: This page records metadata supplied by Reserve Bank of India. It does not add legal conclusions or reproduce the underlying document.

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 and II . Key Features of India’s BoP in Q1:2026-27 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 ). Merchandise trade deficit at US$ 86.1 billion in Q1:2026-27 was higher than US$ 68.9 billion in Q1:2025-26. Net services receipts increased to US$ 51.6 billion in Q1:2026-27 from US$ 47.9 billion a year ago. Services exports have risen on a year-on-year basis in major categories such as computer services, other business services and transportation services. Net outgo on the primary income account, mainly reflecting payments of investment income, decreased to US$ 10.5 billion in Q1:2026-27 from US$ 13.3 billion in Q1:2025-26. Personal transfer receipts under secondary income account, mainly representing remittances by Indians employed overseas, rose to US$ 42.9 billion in Q1:2026-27 from US$ 33.2 billion in Q1:2025-26. In the financial account, foreign direct investment (FDI) recorded a net inflow of US$ 6.1 billion in Q1:2026-27, higher than US$ 5.2 billion in Q1:2025-26. Foreign portfolio investment (FPI) recorded a net outflow of US$ 9.6 billion in Q1:2026-27 as against a net inflow of US$ 1.6 billion in Q1:2025-26. Non-resident deposits (NRI deposits) recorded a net inflow of US$ 2.8 billion in Q1:2026-27 as compared to US$ 3.6 billion in Q1:2025-26. Net inflows under external commercial borrowings (ECBs) to India amounted to US$ 3.3 billion in Q1:2026-27 as compared to US$ 4.4 billion in Q1:2025-26. Foreign exchange reserves depleted by US$ 8.1 billion (on a BoP basis) in Q1:2026-27 as against an accretion of US$ 4.5 billion in Q1:2025-26 ( Table 1 ). Table 1: Major Items of India's Balance of Payments (US$ billion) April-June 2025 PR April-June 2026 P Credit Debit Net Credit Debit Net A. Current Account 256.4 259.7 -3.4 294.9 299.2 -4.2 1. Goods 112.7 181.6 -68.9 132.0 218.0 -86.1 of which: POL 17.0 49.2 -32.2 23.0 60.6 -37.6 2. Services 97.4 49.5 47.9 106.2 54.6 51.6 3. Primary Income 12.2 25.5 -13.3 13.0 23.5 -10.5 4. Secondary Income 34.0 3.1 30.9 43.8 3.0 40.8 B. Capital Account and Financial Account 257.0 252.3 4.7 254.6 252.1 2.6 of which: 1. Direct Investment 27.8 22.6 5.2 29.7 23.6 6.1 2. Portfolio Investment 146.3 144.7 1.6 134.4 144.0 -9.6 3. Other Investments 77.2 69.3 7.9 72.7 65.0 7.7 of which: NRI Deposits 23.8 20.2 3.6 24.3 21.5 2.8 ECBs to India 10.8 6.4 4.4 10.2 7.0 3.3 4. Reserve Assets [‘-’: Increase ; ‘+’: Decrease] 0.0 4.5 -4.5 8.1 0.0 8.1 C. Errors & Omissions (-) (A+B) 0.0 1.4 -1.4 1.6 0.0 1.6 PR: Partially Revised; and P: Preliminary. Note: Total of sub-components may not tally with aggregate due to rounding off. (Brij Raj) Chief General Manager Press Release: 2026-2027/1015

Official source

[Read the complete update on Reserve Bank of India](https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63493)

Source: Reserve Bank of India. Always rely on the linked document for operative wording, dates and legal effect.