Indian firms' ECBs fell to $2.91 billion in April 2025, a 73% drop from March's $11 billion, with $1.90 billion via the automatic route and $1.01 billion via approval.

• April ECBs at $2.91 billion reflect a 73% decline from March's $11 billion.
• $1.90 billion accessed through the automatic route, $1.01 billion via approval.
• RBI data shows a sharp drop in external borrowing by Indian firms in April 2025.