Services exports: USD 348.4 billion in Apr–Jan FY26
What happened
- Services exports were USD 348.4 billion in Apr–Jan FY26 and reached 10% of GDP in H1 FY26 [PIB].
- The World Bank puts services at 49.9% of India’s GDP in 2024 [PIB].
Background
- Software services lead, while business services are growing fast through Global Capability Centres.
Why it matters
- The services surplus cushions the merchandise trade deficit.
How to use this in Mains
- As per PIB (2026-03-14): services exports were USD 348.4 billion in Apr–Jan FY26 and reached 10% of GDP in H1 FY26.
- The services surplus cushions the merchandise trade deficit.
Quotable data pointThe World Bank puts services at 49.9% of India's GDP in 2024.
PIB: PIB Backgrounder: Services exports, 14 Mar 2026
Exam angle
UPSC
Prelims: Services exports.
Practice MCQs
Original practice questions (not PYQs).
Practice · UPSC
Services exports Apr-Jan FY26
Answer (b) & explanation
PIB.
Practice · UPSC
Services share of GDP 2024 (WB)
Answer (b) & explanation
PIB.
Practice · UPSC
Services exports as % of GDP H1 FY26
Answer (b) & explanation
PIB.
Go deeper
ExplainerWorld Trade Organization: Origin, Principles, Key Agreements, Agriculture Boxes and India’s Stakes (UPSC Notes + PYQs)ExplainerGlobalisation and Indian Society: Meaning, the 1991 Reforms, Economic, Social and Cultural Effects (UPSC Notes)
Official source: PIB: PIB Backgrounder: Services exports, 14 Mar 2026
facts from cited sources only; faculty review pending