India’s current account deficit widened to $4.2 billion, or 0.5% of GDP, in Q1 of fiscal 2026-27, from $3.4 billion, or 0.4% of GDP, a year earlier. The increase was driven by a wider goods trade deficit, which rose to $86.1 billion from $68.9 billion as imports jumped 20% to $218.0 billion amid higher energy prices, while exports grew 17.1% to $132.0 billion. The impact was partly offset by an improvement in the primary income balance, with the deficit narrowing to $10.5 billion from $13.3 billion. Meanwhile, the services surplus rose to $51.6 billion from $47.9 billion, while the secondary income surplus increased to $40.8 billion from $30.9 billion.