If FPIs outflows remain constant, India's Balance of Payments will be neutral for FY25: Report
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However, there was a Balance of Payments (BoP) surplus of USD 23.8 billion was there in the first half (H1).
If a similar outflow happens in the second half (H2), it will result in a neutral BoP for the financial year (FY25), says a report by ICICI Bank Global Markets.
The report, however, added that the rising FPI outflows, which reached USD 10.6 billion in the third quarter (Q3), coupled with a widening trade deficit, have altered the trajectory and it could raise the risk of the BoP moving into negative territory for the year.
«As against a BoP surplus of USD 23.8bn in H1, we expected an outflow of similar amount in H2 thus leading to neutral BoP for the year. If FPI outflows are higher then BoP could be in negative for the year. This implies recent depreciation bias seen for INR should continue» said the report.
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