India’s current account deficit surges to $2.4 billion in q1 FY 2025-26

India’s current account slipped into deficit in the April–June quarter due to a wider merchandise trade gap, the Reserve Bank of India said in a statement on Monday.

The current account deficit was $2.4 billion, or 0.2% of GDP, in the first quarter of FY 2025-26, compared with a surplus of $13.5 billion, or 1.3% of GDP, in the previous quarter, according to the data.

In the same quarter last year, India posted a current account deficit of $8.6 billion, or 0.9% of GDP.

[With PTI inputs]