FX.co ★ India Current Account Deficit Narrows in Jul-Sep

India's current account deficit decreased to $12.3 billion, or 1.3% of GDP, during the July-September quarter of the 2025-26 fiscal year. This marks a decline from a revised $20.8 billion, representing 2.2% of GDP, recorded in the same period the previous year. The deficit in goods experienced a slight reduction, reaching $87.4 billion compared to $88.5 billion a year prior. Meanwhile, there were notable increases in surpluses for services, which grew to $50.9 billion from $44.5 billion, and secondary income, which rose to $36.5 billion from $32.4 billion. However, the primary income deficit increased to $12.2 billion from $9.2 billion. Over the first half of the 2025-26 fiscal year, the current account deficit diminished to $15.0 billion from $25.3 billion, largely due to improved surpluses in services and secondary income.