India’s Services Exports Reach USD 421.3 Billion in FY26
Telecom, IT and business services drive growth as government expands global market access through FTAs
- India’s services exports rose to a record USD 421.3 billion in FY 2025-26.
- Telecommunications, computer and information services remained the largest export segment.
- Government is expanding market access through Free Trade Agreements and trade promotion initiatives.
- FTAs are facilitating mobility of professionals, recognition of qualifications and social security benefits.
GG News Bureau
New Delhi, 25th July: India’s services exports reached a record USD 421.3 billion in FY 2025-26, driven primarily by telecommunications, computer and information services and business services, the government informed Parliament on Friday.
According to data shared by the Reserve Bank of India (RBI), telecommunications, computer and information services accounted for USD 206.6 billion, contributing 49.03 per cent of total services exports, while business services contributed USD 124.2 billion, or 29.5 per cent of overall exports.
The government said services exports have grown steadily over the past five years, rising from USD 254.5 billion in FY 2021-22 to USD 421.3 billion in FY 2025-26.
In a written reply in the Rajya Sabha, Minister of State for Commerce and Industry Jitin Prasada said the government is pursuing a multi-pronged strategy to strengthen services exports by addressing sector-specific challenges, promoting trade and securing greater market access through Free Trade Agreements (FTAs).
The government said recent FTAs provide Indian service providers with improved access to overseas markets through cross-border digital services, commercial presence and temporary movement of professionals. The agreements also include provisions to make regulatory approval processes more transparent, predictable and time-bound.
India has also negotiated frameworks for Mutual Recognition Agreements (MRAs) to facilitate recognition of professional qualifications, reducing the need for repeated testing and certification abroad.
According to the government, recent trade agreements with countries including Australia, New Zealand, Oman, the United Kingdom and the European Union contain provisions covering student mobility, social security, traditional medicine and measures to prevent double taxation for Indian IT services.
The government also highlighted the role of the Services Export Promotion Council (SEPC) in promoting Indian services globally through international exhibitions, buyer-seller engagements and sector-specific events. Recent initiatives include participation in global trade fairs related to tourism, education, healthcare, gaming and entertainment, as well as conferences on logistics, higher education, legal technology and school education.
The government said these initiatives are aimed at expanding India’s global footprint in services, attracting new business opportunities and strengthening the country’s position as a leading exporter of high-value services.
