2 weeks ago
Services make up 48% of India's exports at 80
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.
Services rose from 35% of India's exports in 2009-10 to 48% in FY2025-26, according to Commerce Ministry data.
Services exports grew from $254.5 billion in FY2021-22 to $421.3 billion in FY2025-26, a rise of about 65.5%.
India's total exports hit a record $863.1 billion in FY2025-26, with merchandise at $441.8 billion and services at $421.3 billion.
Telecommunications, computer and information services were the biggest driver, contributing $206.6 billion, or 49.03% of services exports.
India signed nine free trade agreements with 38 countries over the previous five years to expand market access for services and goods.
- Who
- India's Commerce Ministry, which released the data, with Additional Secretary Darpan Jain presenting the figures at a briefing in Bengaluru.
- What
- Services grew to 48% of India's total exports in FY2025-26, reaching $421.3 billion and nearly matching merchandise exports.
- Where
- India; the briefing was held in Bengaluru, with key trade partners including the UAE, Australia and the UK.
- When
- Data covering FY2025-26 was released in June and July 2026, as India marked its 80th Independence Day.
- Why
- Faster-growing services exports have helped structurally offset India's trade deficit, supported by free trade agreements, digital delivery of services, and initiatives such as Make in India.
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









