India's Q4 2024-25 Current Account Surplus Rises

  Published 9 months ago

India's Q4 2024-25 current account surplus rose to $13.5B (1.3% GDP), up from $4.6B, driven by higher services and remittances despite a $59.5B trade deficit.

  • Merchandise trade deficit narrowed to $59.5B from $79.3B QoQ but rose YoY, while net services receipts hit $53.3B.
  • FDI dipped to $0.4B vs. $2.3B YoY; FPI saw $5.9B outflow, reversing prior inflows. ECBs surged to $7.4B.
  • Foreign exchange reserves gained $8.8B in Q4 2024-25, down from $30.8B YoY, with annual current account deficit at $23.3B.

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