India’s services trade stays resilient in June 2026, RBI data shows

India’s international trade in services remained on a stable footing in June 2026, with exports (receipts) at **US$36,371 million** and imports (payments) at **US$18,477 million**, according to the Reserve Bank of India’s latest monthly release.

The data—published as part of RBI’s press release series—offers a timely snapshot of how India’s services sector is engaging with the global economy. While month-to-month movement can reflect seasonal billing cycles and shifting project timelines, the overall picture for June underlines a continued ability to earn strongly from services while meeting overseas service requirements.

June 2026 snapshot: exports at US$36.37 bn, imports at US$18.48 bn For **June 2026**, the RBI reported:

• **Services exports (receipts): US$36,371 million**, with a year-on-year growth rate of **13.3%**
• **Services imports (payments): US$18,477 million**, with a year-on-year growth rate of **16.2%**

These growth rates are stated as changes over the corresponding month of the previous year, and have been revised based on balance of payments statistics.

A straightforward reading of the numbers also indicates that exports were nearly double imports in June, reflecting the scale and competitiveness of India’s services ecosystem—spanning IT and business services, financial and professional services, travel-related services, and other cross-border offerings.

How the April–June 2026 quarter is shaping up (provisional) The RBI also provided provisional monthly figures for the first three months of FY2026–27 (April to June 2026):

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

Two points are worth keeping in mind while reading these numbers:

1) **The April–June data are provisional**, which means they may be updated as more information becomes available.

2) **The growth rates shown in parentheses are year-on-year** and have been revised using balance of payments statistics, which helps improve consistency and accuracy across releases.

From a constructive economic perspective, the June rebound in exports after May’s lower reading is encouraging. It suggests that India’s services exporters continue to find opportunities globally, even as international conditions evolve and clients adjust spending patterns.

A steady lever for India’s external strength Services trade is a key pillar of India’s engagement with the world economy. Strong receipts from services can support overall external sector stability by contributing to foreign exchange earnings and by helping offset other external outflows.

Equally, services imports reflect legitimate business and household demand—ranging from specialised professional services to technology subscriptions and travel-related spending. Rising imports can therefore also signal expanding economic activity and deeper integration with global capabilities.

The RBI’s monthly release does not break down the figures by service category in this table, but the topline numbers themselves are useful for tracking momentum. For businesses, investors, and policy-watchers, the June reading provides a clear signal that services continue to be a dependable channel of cross-border economic value.

**Why it matters:** A resilient services trade position supports India’s growth story by strengthening external balances, backing foreign exchange earnings, and keeping India well-connected to global demand in high-value, knowledge-driven sectors.