India’s current account deficit more than doubles to $7 billion in July as trade gap expands

India’s Current Account Deficit Widens to USD 7 Bn in July; Capital Flows Cushion External Balance

Get latest articles and stories on Business at LatestLY. India’s current account deficit widened to USD 7 billion in July 2026 from USD 3.2 billion a year ago, primarily due to a higher merchandise trade deficit, according to preliminary data released by the Reserve Bank of India on Tuesday. Business News | India’s Current Account Deficit Widens to USD 7 Bn in July; Capital Flows Cushion External Balance.

India’s current account deficit more than doubles to $7 billion in July as trade gap expands

India's current account deficit grew to seven billion dollars in July. This widening gap occurred as merchandise imports outpaced exports significantly. The goods trade deficit reached one hundred seventeen point eight billion dollars. Services exports improved, and transfer receipts also saw an increase. These factors combined to widen the overall deficit.

India’s current account deficit widens to $7 billion in July

It is mainly due to a higher merchandise trade deficit.

India’s current account deficit widens to $7 bn in July

India’s current account deficit widened to USD 7 billion in July 2026 from USD 3.2 billion a year ago, primarily due to a higher merchandise trade deficit, according to preliminary data released by the Reserve Bank of India on Tuesday.