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Global Business / The Economic Times

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India posts $2 billion current account deficit in May as trade gap widens

India experienced a significant current account deficit of $2 billion in May 2026, primarily driven by a surge in merchandise imports that greatly expanded the trade deficit from the previous year. Although net services exports remained stable and net transfers bolstered the economy somewhat, the month saw considerable outflows in foreign portfolio investments, leading to an overall balance of payments deficit and a reduction in foreign exchange reserves.

15 Jul 2026 7:59 pm