In plain words
In the womb, then born on earth, then dying, like a bubble on the water: so the endless round goes on. Let devotion to You grow and rise in my heart, and let me bow to You always. Salutation to Nārāyaṇa.
Word for word
Lying in the womb, being born on earth and dying, like a water bubble, the perpetual course goes on to the end of birth; may increasing devotion to You arise in my mind; may it come that I bow to You always. Salutation to Nārāyaṇa.