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Services make up 48% of India's exports at 80

Services make up 48% of India's exports at 80
India at 80: Services now make up 48% of exports – how did the nation build this global powerhouse? · financialexpress.com

India just turned 80 years old as an independent country.

India sells things to other countries, and those are called exports.

For a long time, India mostly shipped physical goods like machines and medicine.

Now, nearly half of India's exports are services, like computer software and business help.

Services went from 35% of India's exports in 2009-10 to 48% in the latest financial year.

In just four years, services exports grew from $254.5 billion to $421.3 billion.

Much of this growth came from telecom, computer and information services.

These services can travel over the internet, so they don't need ships or trucks.

India also signed deals with other countries, like the UAE and Australia, to make trading easier.

Altogether, India's exports reached a record $863.1 billion in the latest year.

Key facts

Services share of exports (FY2025-26)
48% (up from 35% in 2009-10)
Services exports (FY2025-26)
$421.3 billion
Merchandise exports (FY2025-26)
$441.8 billion (record)
Total exports (FY2025-26)
$863.1 billion (record)
Services exports (FY2021-22)
$254.5 billion
Largest services segment
Telecom, computer and information services at $206.6 billion (49.03%)
Services export CAGR (FY2014-15 to FY2025-26)
9.3%
Free trade agreements signed in five years
9 with 38 countries

Sources

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