Services exports decline marginally in September amid AI-led muted growth of IT and software services
Executive Brief • Key Highlights
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- ✓India’s services exports fell marginally by 0.87 per cent to $36.4 billion in September.
- ✓Ajay Srivastava said, "Any shift or slowdown from these regions drives momentum loss in exports." While monthly figures dipped, exports grew 8.7 per cent to $216.3 billion between April and September 2026, according to government data.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Business Line
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
India's services exports in September fell marginally by about 0.87 per cent year-on-year to $36.4 billion signalling slowdown in IT and IT-enabled services, which make up a chunk of the country's services exports. Analysts predict that slowing demand for IT services in the Western world, advancements in AI and the impact of geopolitical shifts on travel and logistics services, could be among key reasons.
India's services exports, however, grew 8.7 per cent YoY to $216.3 billion in April-September 2026, Ministry of Commerce data released on Thursday show. However, the Ministry notes that data for services sector for September are an estimation as RBI, which tracks services exports data, has only put out data till August.
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