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India's Current Account Deficit Shrinks to $12.3 Billion

12/2/2025

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The Reserve Bank of India (RBI) reports India's current account deficit in the July–September 2025-26 quarter at $12.3 billion (1.3% of GDP), down from $20.8 billion (2.2% of GDP).
The merchandise trade deficit narrowed to $87.4 billion, with net services receipts rising to $50.9 billion.
The full-year outlook shows the current account deficit at about 1.1% of GDP and a deficit in the balance of payments.

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Story summary

The Reserve Bank of India (RBI) reports India's current account deficit in the July–September 2025-26 quarter at $12.3 billion (1.3% of GDP), down from $20.8 billion (2.2% of GDP).
The merchandise trade deficit narrowed to $87.4 billion, with net services receipts rising to $50.9 billion.
The full-year outlook shows the current account deficit at about 1.1% of GDP and a deficit in the balance of payments.