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Economics3h 16m ago

India's current account surplus narrowed sharply to $7.1 billion, or 0.7% of GDP, in the fourth quarter ended March 2026.

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India

Who
Reserve Bank of India
What
India's current account surplus narrowed sharply to $7.1 billion, or 0.7% of GDP, in the fourth quarter ended March 2026.
When
Fri, 12 Jun 2026 13:45:49 GMT · 3h 16m ago
Where
India ·
Why
A rising gold import bill and foreign investor outflows weighed on external balances.
The Frontline Impact

How this affects you

The moderation reflects changing dynamics in India’s external sector, with factors such as trade flows, services exports, remittances, and investment income influencing the overall balance, indicating reduced contribution from external earnings compared to the previous year.

Story chain

3 events in this thread
  1. Economics1h 35m ago
    Expectations for U.S. monetary tightening and a strong dollar have taken some wind out of the upswing in gold since 2023, leaving prices in vulnerable territory around $4,000 per ounce.
    Open article
  2. Currently Reading3h 16m ago
    India's current account surplus narrowed sharply to $7.1 billion, or 0.7% of GDP, in the fourth quarter ended March 2026.
  3. Economics5h 36m ago
    India spent about $72 billion on gold imports in FY26, making it the country's second-largest import after crude oil.
    Open article

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