India Records $7.1 Billion Surplus Despite Massive Trade Deficit | RBI Data Explained

India has recorded a surprising $7.1 billion Current Account Surplus in Q4 FY26, despite a massive merchandise trade deficit of over $83 billion. How is this possible? In this video, we decode the latest RBI Balance of Payments data and explain how India's services exports, IT sector, remittances from NRIs, foreign investments, and capital flows are shaping the country's external sector. We also discuss why India's future growth story depends on becoming a manufacturing powerhouse alongside its already successful services sector. Topics Covered: ✔ Current Account Surplus Explained ✔ Balance of Payments (BoP) ✔ Merchandise Trade Deficit ✔ Services Exports ✔ IT Exports ✔ NRI Remittances ✔ FDI vs FPI ✔ Forex Reserves ✔ India's External Sector ✔ India's Economic Growth Strategy ✔ UPSC Economy Current Affairs ✔ RBI DEPR & IES Preparation Useful For: UPSC Civil Services RBI Grade B RBI DEPR Indian Economic Service (IES) UGC NET Economics State PSC Exams SSC & Banking Awareness Economy Enthusiasts #IndiaEconomy #CurrentAccount #BalanceOfPayments #RBI #UPSC #EconomyCurrentAffairs #RBIGradeB #IES #IndianEconomy #Remittances #FDI #TradeDeficit #CurrentAffairs