India's current account deficit moderates to $12.3 billion in Sept quarter: RBI

Updated on 01 Dec 2025 | Category: Business

India's current account deficit saw a significant reduction in the July-September quarter. This improvement was driven by a narrower merchandise trade deficit. The deficit stood at $12.3 billion, or 1.3% of GDP. This marks a notable decrease from the previous year's figures. The Reserve Bank of India reported these figures on Monday.

Synopsis
India's current account deficit saw a significant reduction in the July-September quarter. This improvement was driven by a narrower merchandise trade deficit. The deficit stood at $12.3 billion, or 1.3% of GDP. This marks a notable decrease from the previous year's figures. The Reserve Bank of India reported these figures on Monday.
Listen to this article in summarized format
Loading...
×
India's current account deficit moderated to $12.3 billion, or 1.3% of GDP in the second quarter of FY26, on the back of a lower merchandise trade deficit, the Reserve Bank of India said on Monday.
In the preceding quarter, the current account had recorded a deficit of $2.4 billion of 0.2% of GDP.
Net services receipts increased to $50.9 billion in Q2:2025-26 from $ 44.5 billion a year ago.
India's merchandise trade deficit narrowed to $87.4 billion from $88.5 billion a year earlier, the RBI said.
Private transfer receipts, which are mainly remittances by Indians employed overseas, increased to $38.2 billion in the quarter from an upwardly revised $34.4 billion a year earlier.
Live Events
India's balance of payments recorded a deficit of $10.9 billion, compared with a surplus of $18.6 billion a year earlier.
(You can now subscribe to our Economic Times WhatsApp channel)
Nerves of steel: The slump has stabilised, but recovery remains elusive
The pipeline reform that may redraw India’s energy map in favour of private cos
AI is forcing a rethink. Can Indian IT finally build a serious corporate VC muscle?
Why Leyland and Iveco stand between Tata Motors' return to glory
Stock Radar: Coromandel International stock showing signs of rebound; check target & stop loss
ET Prime Special Series - Part 6: Management’s application of altered accounting rules, some right… some wrong
1
2
3