Geojit strategist Vijayakumar warned on June 14, 2026, that India could face a balance-of-payments deficit of about $60 billion in fiscal year 2027 if capital outflows and high energy import bills persist without offsetting inflows.
The assessment assumes continued foreign-portfolio selling and limited recovery in services exports, stressing the need for stable foreign-direct investment in manufacturing.
Policy makers have responded with central-bank swap facilities and roadshows to diaspora investors, yet the strategist argued structural current-account pressures remain.
Economists debating the figure note sensitivity to oil-price paths and global rate cycles, variables that could swing the projection materially within quarters.
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Sources:
https://www.thehindu.com/business/markets/fpi-exodus-continues-62800-crore-pulled-out-from-equities-in-first-fortnight-of-june/article71100454.ece