India’s services exports rise in June 2026, RBI data shows

India’s services sector continued to show steady momentum in June 2026, with fresh monthly data from the Reserve Bank of India (RBI) indicating a healthy performance in cross-border services trade.

As per the RBI’s “Monthly Data on India’s International Trade in Services for the Month of June 2026”, services exports—captured as “receipts”—stood at **US$ 36,371 million** in June. Services imports—captured as “payments”—were **US$ 18,477 million** for the month.

June 2026: Exports expand, imports also firm up

The June numbers point to a constructive trend for Indian service providers operating globally—from IT and business services to professional services and other cross-border offerings.

• **Services exports (receipts):** **US$ 36,371 million** in June 2026, with a year-on-year growth rate of **13.3%** (as revised based on balance of payments statistics).
• **Services imports (payments):** **US$ 18,477 million** in June 2026, with a year-on-year growth rate of **16.2%**.

Taken together, the monthly data suggests that India’s services economy is engaging actively with international markets on both sides—selling more services abroad while also purchasing more services from the rest of the world as domestic demand and business activity remain broad-based.

How June compares with April and May 2026

The RBI release also provides the provisional figures for April and May 2026, allowing a quick view of early-quarter movement.

• **April 2026:** Receipts were **US$ 37,021 million** (growth **12.7%**); payments were **US$ 18,417 million** (growth **8.9%**).
• **May 2026:** Receipts were **US$ 33,355 million** (growth **2.8%**); payments were **US$ 17,637 million** (growth **5.6%**).
• **June 2026:** Receipts were **US$ 36,371 million** (growth **13.3%**); payments were **US$ 18,477 million** (growth **16.2%**).

While monthly services trade can naturally vary due to billing cycles, project timelines, and seasonal patterns, June’s rise in exports versus May is a reassuring signal. For policymakers and businesses alike, such data points help track the pulse of India’s services-led external sector—an area that has long supported jobs, innovation, and foreign exchange earnings.

The RBI also notes that the **April–June data are provisional**, and the **year-on-year growth rates** shown in parentheses are **revised** on the basis of balance of payments statistics.

A steady platform for India’s next phase of services growth

India’s services trade performance continues to reflect the country’s strengths in delivering globally competitive, high-value offerings. Strong services exports can support wider economic objectives—such as improving external sector resilience and sustaining momentum for India’s digitally enabled enterprises.

At the same time, healthy services imports can signal expanding business capability and investment in specialised expertise, technology, and global partnerships—often essential for scaling Indian firms and improving productivity.

**Why it matters:** Consistent growth in services exports strengthens India’s external earnings and underscores the country’s role as a trusted global services hub, while active two-way services trade supports competitiveness, collaboration, and long-term economic opportunity.