India's IT exports grow 9.5% to $239.3 billion

The Reserve Bank of India estimates the country's software services exports at $239.3 billion for FY 25/26, up 9.5%. Software product development was the only category to shrink, falling by over $1 billion to $56.5 billion, while the US remained the top market at $119.7 billion.

• India's IT services exports reached $239.3 billion, up 9.5% year on year
• Software product development fell by $1 billion to $56.5 billion
• US buyers accounted for $119.7 billion, up from $108.3 billion
• 91.7% of services worth $203 billion were delivered off clients' premises