India’s current account deficit widens to $12.3 bn in Q2FY26

India’s current account deficit widened to $12.3 billion (1.3% of GDP) in Q2 FY26, driven by a sharply higher merchandise trade gap, a 150% surge in gold imports, and weaker goods exports. Strong services exports and remittances offered partial support. With softer financial inflows, the BoP slipped into an $11 billion deficit.