India current account deficit narrows to 0.2% of GDP in Q1; services exports drive improvement: RBI
Monday, 1 September 2025 () India's current account deficit saw a significant decrease in the June quarter. The Reserve Bank of India reported the deficit narrowed to $2.4 billion. This improvement was driven by strong services exports. The merchandise trade gap widened during this period. Foreign direct investment witnessed a net inflow. Foreign portfolio investment also experienced a rise compared to the previous year.
Union Bank of India projects India's current account deficit (CAD) may nearly double to 1.2% of GDP in FY26 due to rising trade and geopolitical tensions. A... IndiaTimes
India's current account deficit narrowed to $2.4 billion in April-June 2025, despite a wider merchandise trade gap of $68.5 billion. Buoyant service exports, led... IndiaTimes
Michael Patra, former RBI deputy governor, stated that India's economic growth is primarily fueled by domestic resources, making it less reliant on foreign... IndiaTimes