https://www.taxtmi.com/news?id=73365 India recorded a current account surplus in April, driven by higher services exports and increased net transfer receipts, even though the merchandise trade deficit remained elevated and imports exceeded exports. Preliminary balance of payments data showed a wider import bill, stronger export receipts, higher net services receipts, and a rise in net transfers compared with the corresponding month of the previous year. On the capital account, the month saw a net outflow, with foreign direct investment showing an increase and foreign portfolio investment recording a net outflow. The overall balance of payments consequently reflected a deficit for the month, while the preceding January-March quarter had shown a current account surplus measured as a share of GDP compared with the year-ago quarter. en-us Mon, 15 Jun 2026 19:01:04 +0530 Mon, 15 Jun 2026 19:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73365 India recorded a current account surplus in April, driven by higher services exports and increased net transfer receipts, even though the merchandise trade deficit remained elevated and imports exceeded exports. Preliminary balance of payments data showed a wider import bill, stronger export receipts, higher net services receipts, and a rise in net transfers compared with the corresponding month of the previous year. On the capital account, the month saw a net outflow, with foreign direct investment showing an increase and foreign portfolio investment recording a net outflow. The overall balance of payments consequently reflected a deficit for the month, while the preceding January-March quarter had shown a current account surplus measured as a share of GDP compared with the year-ago quarter. News - Mon, 15 Jun 2026 19:01:04 +0530 https://www.taxtmi.com/news?id=73365