Business
RBI Annual Survey Reports India's Software Exports Grew 8.2% to Touch $221.4 Billion
India's software services exports, excluding sales via foreign affiliates, expanded by 8.2% year-on-year to reach $221.4 billion during FY26, according to the Reserve Bank of India's (RBI) annual survey, supported by sustained demand from the United States an…

In a landmark statistical release detailing the health of the domestic information technology sector, the Reserve Bank of India (RBI) published its comprehensive annual survey on computer software and IT-enabled services (ITES) exports, revealing an 8.2 percent year-on-year growth to reach $221.4 billion. Incorporating operational data from 2,363 major IT exporters representing 89 percent of total estimated industry revenues, the central bank survey noted that total software exports—including overseas commercial affiliate presences—scaled past $239.3 billion. Business Process Outsourcing (BPO) and IT-enabled services maintained their structural dominance across offshore service models, with off-site service delivery models accounting for a massive 91.7 percent of overall export volumes. Geographical breakdown metrics highlighted the United States as the primary export destination holding a 54.1 percent market share, followed closely by European markets at 31.8 percent and the United Kingdom at 15.4 percent. Financial analysts and technology economists emphasized that the steady expansion of domestic software exports amid broader global macroeconomic realignments underscores the resilience of Indian digital technology platforms, setting a solid foundation for continuous service sector growth and foreign exchange inflows. India's software services exports maintained a steady growth momentum, rising 8.2% year-on-year to touch $221.4 billion in the 2025–26 financial year. The annual survey released by the Reserve Bank of India (RBI)—which captured data from 2,363 responding software export companies accounting for ~89% of total estimated exports—highlights the resilience of the country's technology ecosystem. Including sales generated through overseas commercial presence (foreign affiliates), India’s total IT software services exports surged 9.5% to $239.3 billion. The United States maintained its position as the largest destination for Indian software exports, increasing its share to 54.1% ($119.7 billion), up from 52.9% in the preceding fiscal year. Europe accounted for 31.8% of exports, led by the United Kingdom with a 15.4% share. By product breakdown, core IT services remained the largest contributor at $147 billion, followed by IT-enabled services (ITES) and Business Process Outsourcing (BPO) at $56 billion. Export of specialized software product development stood at $6.4 billion. The survey revealed a continued structural shift toward remote off-site delivery modes, which accounted for 91.7% of total software exports, while on-site revenue contracted to $18.4 billion amid tighter visa norms in overseas jurisdictions. In terms of financial invoicing, the U.S. Dollar remained the dominant billing currency, accounting for 72.6% of total transactions, followed by the Euro (9.6%), the Indian Rupee (6.3%), and the British Pound Sterling (6.0%).
