India recorded a current account surplus of $4.7 billion in April 2026, compared with a deficit of $4.8 billion a year earlier, even as net foreign portfolio investment (FPI) outflows widened to $8.7 billion and pushed the overall balance of payments into a deficit, according to preliminary data released by the Reserve Bank of India (RBI) on Monday. The surplus came despite a wider merchandise trade deficit of $27.9 billion in April 2026, compared with $27.1 billion a year earlier. Merchandise exports rose to $44.6 billion from $38.7 billion, while imports increased to $72.5 billion from $65.8 billion. Net services exports strengthened to $18.6 billion during the month, up from $15.9 billion in April 2025. Services exports stood at $37 billion, while imports were $18.4 billion.