For most of its history, India’s technology export story could be told through a few large information technology (IT) firms, a cluster of delivery centres, and a steady flow of demand from the US. That story is far from over, and the US remains a critical market. But it no longer captures where the next phase of growth will come from. That phase looks more distributed, more specialised, and spread across more markets than the old model was built for.
The overall numbers leave no doubt about the scale of the opportunity. India’s services exports reached $418 billion in FY26 making services one of the strongest pillars of the country’s exports.
