NEW DELHI: India's services exports have expanded faster than the global average for a full decade and are now cushioning the country's external sector against geopolitical disruptions, a government factsheet released on Sunday said, according to IANS.

Source: IANS via hi INDiA

Between 2015 and 2025, services exports grew at a compound annual rate of 10.3 per cent, compared with 6.6 per cent globally, the factsheet said. As a result, India's share of global services exports rose from 3.1 per cent to 4.3 per cent over the decade.

The services engine is now close to half of everything India sells abroad. During April–October of FY 2026-27, services accounted for 45.7 per cent of total exports, while India's overall exports grew 16.66 per cent to $568.84 billion, with gains across products, services and overseas markets, the factsheet said.

"India's growing network of trade agreements is widening access to overseas markets for its services sector. These agreements ease professional mobility and open opportunities for Indian providers across diverse services," the factsheet said, crediting export promotion measures, expanding trade partnerships and improved logistics for sustaining the momentum.

The export basket widened as well as grew. During April–September FY 2026-27, 1,985 new product-market pairs generated $622.1 million in exports, covering 116 product groups across 229 countries and territories. Seven of the 10 leading merchandise export categories recorded double-digit growth in April–October, and non-petroleum exports rose 18.01 per cent to $259.22 billion in the same period.

October alone kept the run going: total exports for the month were estimated at $89.99 billion, up 29.90 per cent year on year, the factsheet said. Nation Press, reporting the same factsheet on Sunday, carried the same decade growth figures and the 4.3 per cent global share.

Source: Nation Press

The factsheet placed the trade numbers inside a broader growth picture: GDP grew 7.8 per cent in April–June, unemployment declined to 5.1 per cent in July–September, and major international organisations are projecting continued strong growth for FY 2026-27. For an economy whose goods trade is exposed to wars, tariffs and shipping shocks, officials say a services sector growing at double the world rate is the buffer that keeps the external account stable.