July 15, 2026 Developments in India’s Balance of Payments for the Month of May 2026 Preliminary data on India’s balance of payments (BoP) for May 2026 are presented in the following table. Major Items of India's Balance of Payments (US$ billion) Item May 2025 PR May 2026 P April-May 2025 PR April-May 2026 P A. Current…
July 15, 2026
Developments in India’s Balance of Payments for the Month of May 2026
Preliminary data on India’s balance of payments (BoP) for May 2026 are presented in the following table.
Major Items of India's Balance of Payments (US$ billion)
| Item | May 2025 PR | May 2026 P | April-May 2025 PR | April-May 2026 P |
|---|---|---|---|---|
| A. Current Account (Net) [A.1 to A.4] | 0.7 | -2.0 | -4.1 | 2.8 |
| A.1 Merchandise (Net) [a-b] | -22.6 | -27.9 | -49.7 | -55.9 |
| a. Exports | 38.7 | 46.1 | 77.4 | 90.7 |
| b. Imports | 61.3 | 74.0 | 127.1 | 146.5 |
| A.2 Services (Net) [a-b] | 15.8 | 15.7 | 31.7 | 34.3 |
| a. Exports | 32.5 | 33.4 | 65.3 | 70.4 |
| b. Imports | 16.7 | 17.6 | 33.6 | 36.1 |
| A.3 Transfers (Net) | 10.5 | 13.6 | 20.0 | 29.6 |
| A.4 Income (Net) | -3.0 | -3.4 | -6.0 | -5.2 |
| B. Capital Account (Net) [B.1 to B.6] | 3.7 | -2.4 | 9.0 | -13.8 |
| B.1 Foreign Direct Investment (Net) [a-b] | 0.9 | -0.1 | 2.5 | 6.5 |
| a. In India (Net) | 3.6 | 2.4 | 8.6 | 13.8 |
| b. Abroad (Net) | 2.7 | 2.4 | 6.1 | 7.3 |
| B.2 Foreign Portfolio Investment (Net) [a-b] | 1.3 | -4.7 | -0.8 | -12.0 |
| a. In India (Net) | 1.6 | -4.5 | -0.2 | -11.3 |
| b. Abroad (Net) | 0.3 | 0.3 | 0.6 | 0.7 |
| B.3 External Commercial Borrowings (Net) [a-b] | 2.4 | 0.1 | 4.1 | 0.8 |
| a. To India (Net) | 1.5 | 2.1 | 3.0 | 2.3 |
| b. By India (Net) | -0.9 | 1.9 | -1.2 | 1.6 |
| B.4 Short-term Credit to India (Net) | -0.4 | 3.2 | -0.4 | 3.9 |
| B.5 Banking Capital (Net) | -1.6 | -1.1 | 1.6 | -4.7 |
| of which: NRI Deposits (Net) | 1.1 | 0.6 | 1.9 | 1.3 |
| B.6 Other Capital (Net) | 1.2 | 0.2 | 1.9 | -8.2 |
| C. Overall Balance (A+B) | 4.4 | -4.4 | 5.0 | -11.0 |
| D. Monetary Movements [Increase - / Decrease +] | -4.4 | 4.4 | -5.0 | 11.0 |
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) Press Release: 2026-2027/681 Chief General Manager ᮧेस ᮧकाशनी PRESS RELEASE
भारतीय ᳯरज़वर् बᱹक RESERVE BANK OF INDIA
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