Even as India's external position improved in trade and services, capital outflows--especially portfolio investment--dragged the overall balance into deficit in April 2026

Goldman Sachs predicts India's balance of payments will shift to a surplus in 2026, reducing the current account deficit forecast to 1.3% GDP.

India's merchandise exports grew 18% year-on-year to $45.2 billion in May, while imports rose 20.62% to $73.41 billion, resulting in a trade deficit of $28.21 billion, according…

India achieved a current account surplus of $4.7 billion in April 2026. This positive development occurred even with a larger merchandise trade deficit. Stronger net services…