{
  "id": 4857686,
  "title": "Developments in India’s Balance of Payments during the First Quarter (April-June) of 2026-27",
  "url": "https://urgent.news/2026/09/01/developments-in-indias-balance-of-payments-during-the-first-quarter",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-01T12:32:39.000Z",
  "source": {
    "name": "Reserve Bank of India",
    "slug": "reserve-bank-of-india",
    "url": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63493"
  },
  "original_language": "en",
  "account": "In the first quarter of the fiscal year 2026-27, India's balance of payments experienced certain notable trends. The current account deficit widened to US$ 4.2 billion, or 0.5 percent of GDP, from US$ 3.4 billion in the corresponding period of the previous year. The merchandise trade deficit expanded to US$ 86.1 billion, surpassing the previous year's figure of US$ 68.9 billion.\n\nHowever, net services receipts saw an increase to US$ 51.6 billion, outpacing the prior year's US$ 47.9 billion. This growth was observed across several key categories, including computer services, other business services, and transportation services. Foreign direct investment (FDI) recorded a net inflow of US$ 6.1 billion, which was higher than the US$ 5.2 billion recorded in the previous quarter.\n\nOn the other hand, foreign portfolio investment (FPI) experienced a net outflow of US$ 9.6 billion, a significant increase from the previous year's net inflow of US$ 1.6 billion. Net outflows from non-resident deposits decreased to US$ 2.8 billion, while foreign exchange reserves declined by US$ 8.1 billion on a balance of payments basis, compared to an accretion of US$ 4.5 billion in the previous quarter.",
  "summary": "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…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Reserve Bank of India",
        "title": "Sources of Variation in India’s Foreign Exchange Reserves during April-June 2026",
        "url": "https://urgent.news/2026/09/01/sources-of-variation-in-indias-foreign-exchange-reserves-during-april",
        "published": "2026-09-01T12:32:39.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}