Mumbai, June 15: India’s current account surplus stood at $4.7 billion in April, a significant turnaround from a deficit of $4.8 billion during the same period last year. This information was released by the Reserve Bank of India (RBI) on Monday.
The surplus in April was attributed to an increase in services exports and higher remittances from Indians working abroad.
According to the data, the country exported $37 billion worth of services in April, while imports totaled $18.4 billion. This resulted in a services export surplus of $18.6 billion, up from $15.9 billion in April of the previous year.
Remittances for April reached $16 billion, a substantial rise compared to $9.4 billion during the same month last year. The net income deficit decreased to $1.9 billion, down from $3 billion previously.
In April 2026, net foreign direct investment (FDI) surged to $7.4 billion, compared to just $1.6 billion in the same month last year. Total FDI inflows into the country more than doubled, rising from $5 billion to $11.4 billion.
However, the month also saw a net outflow of $8.7 billion in foreign portfolio investment (FPI), compared to a $2.1 billion outflow in April of the previous year. Additionally, banking capital turned negative, recording a net outflow of $3.7 billion, in contrast to a $3.3 billion inflow a year earlier.
According to RBI data, India recorded a current account surplus of $7.1 billion, or 0.7% of GDP, in the January-March quarter of 2025-26. However, the last quarter of 2025-26 saw a net outflow of $12 billion in FPI.
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