Goal-Based Investing

Developments in India’s Balance of Payments for the Month of July 2026

Preliminary data on India’s balance of payments (BoP) for July 2026 are presented in the following table.

Major Items of India’s Balance of Payments
(US$ billion)
Item July 2025 PR July 2026 P April-July 2025 PR April-July 2026 P
A. Current Account (Net) [A.1 to A.4] -3.2 -7.0 -6.6 -11.2
A.1 Merchandise (Net) [a-b] -28.2 -31.7 -97.1 -117.8
        a. Exports 37.4 45.1 150.0 177.1
        b. Imports 65.6 76.8 247.1 294.9
A.2 Services (Net) [a-b] 16.4 17.6 64.3 69.3
        a. Exports 33.7 38.3 131.2 144.5
        b. Imports 17.3 20.6 66.8 75.2
A.3 Transfers (Net) 12.6 13.2 43.4 53.9
A.4 Income (Net) -4.0 -6.1 -17.3 -16.6
B. Capital Account (Net) [B.1 to B.6] 3.5 27.7 11.4 23.9
B.1 Foreign Direct Investment (Net) [a-b] 4.5 7.3 9.7 13.4
        a. In India (Net) 7.2 10.7 21.6 26.3
        b. Abroad (Net) 2.7 3.4 11.9 12.8
B.2 Foreign Portfolio Investment (Net) [a-b] -2.5 4.1 -0.9 -5.5
        a. In India (Net) -2.4 4.4 0.04 -4.3
        b. Abroad (Net) 0.1 0.3 1.0 1.2
B.3 External Commercial Borrowings (Net) [a-b] 1.4 -2.3 6.8 -1.3
        a. To India (Net) 0.8 2.5 5.3 5.8
        b. By India (Net) -0.5 4.8 -1.6 7.0
B.4 Short-term Credit to India (Net) 1.2 1.8 1.1 5.4
B.5 Banking Capital (Net) 6.0 18.4 4.4 21.1
        of which: NRI Deposits (Net) 1.0 33.5 4.7 36.2
B.6 Other Capital (Net) -7.0 -1.6 -9.7 -9.3
C. Overall Balance (A+B) 0.3 20.8 4.8 12.7
D. Monetary Movements [‘-’ : Increase ; ‘+’ : Decrease] -0.3 -20.8 -4.8 -12.7
PR: Partially Revised; and P: Preliminary.
Note: 1. Errors and omissions are included under ‘Other Capital’.
2. Total of sub-components may not tally with aggregate due to rounding off.

(Brij Raj)           
Chief General Manager

Press Release: 2026-2027/1118

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Agency Desk

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