Services exports rise to $421.3 billion in FY26, driven by IT and business services
New Delhi: India’s Services exports increased to USD 421.3 billion in FY 2025-26, driven by strong growth in telecommunications, computer and information services, along with business services. The government said it also expanded global market access through free trade agreements and trade promotion initiatives.
Minister of State for Commerce and Industry Jitin Prasada shared the figures in a written reply in the Rajya Sabha. Moreover, RBI data showed that telecommunications, computer and information services contributed USD 206.6 billion, accounting for 49.03% of total exports. Business services added USD 124.2 billion, or 29.5%.
The government said it follows a multi-pronged strategy to strengthen Services exports. Therefore, it addresses sector-specific challenges, negotiates market access through free trade agreements and promotes Indian service providers in global markets.
India’s recent trade agreements provide national treatment and improved market access for service providers. In addition, they support digital trade, temporary movement of professionals and transparent regulatory procedures.
Services exports gain through FTAs and promotion
The government also negotiated provisions on mutual recognition of professional qualifications, social security and traditional medicine in several agreements. Furthermore, recent FTAs include measures to reduce double taxation and improve mobility for skilled professionals.
The Services Export Promotion Council continued to organise trade events, international exhibitions and buyer-seller meetings. Consequently, Indian companies showcased their capabilities in healthcare, education, gaming, tourism and legal technology across global markets.
The government said these initiatives aim to strengthen India’s position as a leading global services exporter. Finally, it will continue expanding international opportunities for Indian businesses through trade partnerships and export promotion.
