India’s current account moved into a surplus of $7.1 billion in the March quarter of FY26, supported by stronger services exports and higher remittance inflows, according to Reserve Bank of India data released on Monday (June 8). The surplus was equal to 0.7% of GDP but it was narrower than the $13.7 billion surplus posted in the same quarter last year. The improvement on the services side and from remittances helped offset a larger goods trade gap. India’s merchandise trade deficit widened to $83.4 billion in Q4 FY26 from $59.3 billion a year earlier, reflecting higher import outgo.