The United States increased its share of India’s software services exports in 2025-26, even as global trade tensions intensified. Reserve Bank of India data showed that exports to the US rose 11% to $119.7 billion during the year.
The US accounted for 54.1% of India’s total software services exports in 2025-26, up from 52.9% in the previous year. The United Kingdom remained the second-largest market, although its share edged down marginally to 15.4% from 15.5%.
India’s overall software services exports reached $221.4 billion in 2025-26, representing an 8% increase from the previous year. The figure excludes $17.9 billion in sales generated by foreign affiliates of Indian companies.
IT services remained the largest component, contributing around $147 billion, while business process outsourcing services accounted for approximately $56 billion.
The data also showed a decline in revenue generated by Indian software companies through on-site work. Such earnings fell to $18.4 billion in 2025-26 from $19 billion a year earlier.
The decline comes amid changes in international mobility and visa policies affecting Indian technology professionals working overseas. Meanwhile, the growing US share highlights the continued importance of the American market to India’s software services industry.
