StatsGuru: Remittances, services exports support BoP amid wider trade gap

India’s balance of payment (BoP) accounts saw a surplus in its current account in the fourth quarter of FY26, driven by high growth in India’s service exports and remittance inflows.  This led to a $7.2 billion rise in forex reserves during the quarter.  However, FY26 saw one of the largest depletions in forex reserves due to a burgeoning merchandise trade deficit and significant FPI outflows.