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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
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