SDG 8: Decent Work & Economic Growth | SDG 17: Partnerships for the Goals
Institutions: Reserve Bank of India | Ministry of Commerce and Industry
India’s services exports reached US$ 31.2 billion in August 2025, rising by about 2.7% compared to the previous year. In contrast, services imports stood at US$ 15.6 billion, declining by 5.3% year-on-year. The data for July–August 2025 are provisional, while April–June 2025 has been revised based on balance of payments estimates.
The stronger performance of services trade has helped partially offset pressures from merchandise trade. India continues to post a significant services trade surplus, driven by IT-enabled services, business services, and financial intermediation.
Sustained growth in services exports supports India’s current account balance and foreign exchange stability. Linking this momentum with Digital India, IT/ITES expansion, and global outsourcing demand can reinforce India’s position as a leading services hub.
What is Services Trade? → The exchange of intangible products such as IT services, consulting, finance, transport, and tourism across borders. It is tracked separately from goods trade and is a major source of foreign exchange earnings for India.
Follow the full news here: RBI Press Release on International Trade in Services, August 2025