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Date : Jul 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)           
Chief General Manager

Press Release: 2026-2027/681