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
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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
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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. ...