India’s services exports grew 7.2% year-on-year to USD 39.305 billion in September 2026, while services imports reached USD 20.097 billion. The country recorded a services trade surplus of USD 19.208 billion, according to RBI data.
India’s services exports recorded a year-on-year growth of 7.2% in September 2026, reaching USD 39.305 billion, compared with USD 35.471 billion in August 2026, according to the latest data released by the Reserve Bank of India (RBI).
However, export growth moderated from 13.7% in August and 13.4% in July to 7.2% in September.
Services imports also increased to USD 20.097 billion in September, registering 12.6% annual growth. This was lower than the growth rates of 21.4% in August and 19.1% in July.
India recorded a services trade surplus of USD 19.208 billion in September 2026, compared with USD 16.537 billion in the previous month.
The latest figures indicate an increase in both services exports and imports compared with August, despite slower year-on-year growth. The RBI clarified that the July–September 2026 figures are provisional and that annual growth rates have been revised based on Balance of Payments statistics.
Source: CA Sansaar