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), i.e., April-June 2025-26, are presented in Statements I and II.
Key Features of India's BoP in Q1:2025-26
*
India's current account balance recorded a deficit of US$ 2.4 billion (0.2 per cent of GDP) in Q1:2025-26 as compared with US$ 8.6 billion (0.9 per cent of GDP) in Q1:2024-25 and against a surplus of US$ 13.5 billion (1.3 per cent of GDP) in Q4:2024-25.1
*
Merchandise trade deficit at US$ 68.5 billion in Q1:2025-26 was higher than US$ 63.8 billion in Q1:2024-25.
* Net services receipts increased to US$ 47.9 billion in Q1:2025-26 from US$ 39.7 billion a year ago. Services exports have risen on a y-o-y basis in major categories such as business services and computer services.
* Net outgo on the primary income account, primarily reflecting payments of investment income, increased to US$ 12.8 billion in Q1:2025-26 from US$ 10.9 billion in Q1:2024-25.
* Personal transfer receipts, mainly representing remittances by Indians employed overseas, rose to US$ 33.2 billion in Q1:2025-26 from US$ 28.6 billion in Q1:2024-25.
* In the financial account, foreign direct investment (FDI) recorded a net inflow of US$ 5.7 billion in Q1:2025-26 as compared to a net inflow of US$ 6.2 billion a year ago.
* Foreign portfolio investment (FPI) recorded a net inflow of US$ 1.6 billion in Q1:2025-26 as compared to a net inflow of US$ 0.9 billion in Q1:2024-25.
* Net inflows under external commercial borrowings (ECBs) to India amounted to US$ 3.7 billion in Q1:2025-26, as compared to US$ 1.6 billion in the corresponding period a year ago.
* Non-resident deposits (NRI deposits) recorded a lower net inflow of US$ 3.6 billion in Q1:2025-26 than US$ 4.0 billion in Q1:2024-25.
* There was an accretion of US$ 4.5 billion to the foreign exchange reserves (on a BoP basis) in Q1:2025-26 as compared to an accretion of US$ 5.2 billion in Q1:2024-25 (Table 1). Table 1: Major Items of India's Balance of Payments (US$ billion) April-June 2024 PR April-June 2025 P Credit Debit Net Credit Debit Net A. Current Account 241.8 250.5 -8.6 256.7 259.1 -2.4 1. Goods 111.2 175.0 -63.8 113.1 181.6 -68.5 of which: POL 20.6 51.5 -30.9 17.4 49.3 -31.9 2. Services 88.5 48.8 39.7 97.4 49.5 47.9 3. Primary Income 12.7 23.5 -10.9 12.2 25.0 -12.8 4. Secondary Income 29.5 3.2 26.3 34.0 3.0 31.0 B. Capital Account and Financial Account 264.5 256.7 7.9 289.1 285.9 3.2 of which: 1. Direct Investment 23.9 17.7 6.2 27.2 21.5 5.7 2. Portfolio Investment 159.8 158.9 0.9 146.3 144.7 1.6 3. Other Investments 74.5 65.0 9.5 109.9 104.0 5.9 of which: NRI Deposits 23.4 19.4 4.0 23.8 20.2 3.6 ECBs to India 8.5 6.8 1.6 10.7 7.1 3.7 4. Reserve Assets [Increase (-)/Decrease (+)] 0.0 5.2 -5.2 0.0 4.5 -4.5 C. Errors & Omissions (-) (A+B) 0.8 0.0 0.8 0.0 0.8 -0.8 PR: Partially Revised; and P: Preliminary. Note: Total of sub-components may not tally with aggregate due to rounding off. (Puneet Pancholy)
Chief General Manager
Press Release: 2025-2026/1013
1 https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=60727. For longer time series data, please see: CIMS DBIE (rbi.org.in) › Statistics › External Sector › International Trade › Quarterly/Yearly.
Disclaimer: Curated by HT Syndication.
