India's current account deficit hits $7bn in July 2026
Business
India's current account deficit hit $7 billion in July 2026, more than double last year's figure.
This jump is mostly because imports ($76.8 billion) far outpaced exports ($45.1 billion), leaving a big trade gap, according to the Reserve Bank of India.
India payments surplus $20.8bn in July
Even with the larger deficit, India saw a boost in capital coming in: the net capital account rose to $27.7 billion, thanks to strong foreign investment, and net services receipts increased to $17.6 billion.
Net transfer receipts, which include remittances, also increased to $13.2 billion, helping offset rising income outflows and commercial borrowing challenges, so overall, India still ended up with a healthy payments surplus of $20.8 billion for July.