India's Services Exports Rise to $421.3 Billion in FY26
New Delhi, July 24, 2026: India's services exports rose to USD 421.3 billion in FY 2025-26, up from USD 387.5 billion in FY25, according to data shared by Minister of State for Commerce and Industry Jitin Prasada in the Rajya Sabha.
Telecommunications, computer and information services remained the largest contributor, accounting for USD 206.6 billion, or 49.03% of total services exports. Business services contributed another USD 124.2 billion, representing 29.5% of total exports.
The government said it is working to boost services exports through Free Trade Agreements (FTAs), improved market access, professional mobility, Mutual Recognition Agreements and measures to address double taxation and social security concerns.
The government is also promoting Indian service providers through international trade fairs, exhibitions and sector-specific initiatives covering tourism, healthcare, education, gaming, entertainment, logistics and fintech.
The data showed that India's services exports have grown significantly over five years, from USD 254.5 billion in FY22 to USD 421.3 billion in FY26.