India's BoP seen topping $50 bn thanks to RBI
India's balance of payments is projected to achieve a surplus of approximately $50 billion in the fiscal year 2027, as reported by SBI Research. The current account deficit is anticipated to remain low, at 1% of GDP, thanks to robust foreign currency inflows that bolster the nation's external position, according to the Ecowrap report.
The Reserve Bank of India's special FCNR(B) deposit mobilization scheme has already drawn in $57 billion in inflows, with an additional $25-30 billion expected from August's end, bringing total collections to around $85 billion.
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