India's Current Account Deficit Narrows To $5.2 Billion In August, RBI Reports $45.4 Billion Balance Of Payments Surplus
Mumbai, Oct 15: India's current account deficit narrowed to USD 5.2 billion in August from USD 6.1 billion a year ago, aided by a lower merchandise trade deficit and higher surpluses in services trade, according to preliminary data released by the RBI on Thursday. The net deficit in the merchandise trade account declined to USD 26.6 billion in August from USD 27.6 billion in the same month last…
In August 2026, India's current account deficit narrowed to $5.2 billion, a decline from $6.1 billion in the same month last year, according to preliminary data released by the Reserve Bank of India (RBI). The reduction was attributed to a lower merchandise trade deficit and a higher surplus in services trade. Merchandise exports increased to $44.7 billion, while imports rose to $71.3 billion.
Services trade surplus grew to $16.5 billion, up from $15.6 billion a year ago. Net transfers, including remittances, increased to $12.8 billion in August from $12.2 billion a year ago. The current account deficit widened to $18.3 billion during April-August 2026, up from $12.8 billion in the same period last year.
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