Key facts
- The share of services in India's total exports rose to 48.8% in FY26 from 33.8% in FY15.
- Services exports grew to $421.3 billion in FY26 from $158.1 billion in FY15.
- Total exports increased to $863 billion in FY26 from $468 billion in FY15.
- Software services are the primary growth driver for services exports.
- Government measures include simplifying 47 processes and automating foreign trade policy.
India's services sector has significantly increased its contribution to the country's total exports over the past 12 years, reaching 48.8% in the fiscal year 2025-26, up from 33.8% in 2014-15. This growth trajectory, averaging 9.3% annually, is primarily driven by the robust expansion of the IT sector and global capability centers, alongside a post-pandemic surge in digital service delivery.
According to data from the commerce ministry, services exports surged from $158.1 billion in 2014-15 to $421.3 billion in 2025-26. Concurrently, the country's overall exports, encompassing both goods and services, grew from $468 billion to $863 billion during the same period. Goods shipments also saw an increase, rising from $310 billion to $442 billion.
The ministry highlighted that software services, which constitute over 40% of total services exports, remain the principal engine of growth. Professional and management consulting services have emerged as the second-largest contributor. The government has also implemented various trade facilitation measures, including the simplification of 47 processes and the automation of foreign trade policy procedures.