India records ₹7.73 lakh crore exports in FY26, up 21.56% from FY24 under STP scheme
Executive Take
Steady export growth under STP shows India's tech services sector keeps expanding despite global tech spending pressure. This is a signal for GCC and IT services leaders that the underlying demand base remains strong.
Executive Summary
India's exports under the Software Technology Parks (STP) scheme rose 21.57% to ₹7,73,898.97 crore in FY26, up from ₹6,36,619.87 crore in FY24, according to Ministry export-import data.
Why It Matters
GCC and technology leaders should note that India's software export engine keeps growing, which supports continued investment in Indian delivery centers. It signals steady demand even as global IT budgets tighten elsewhere.
Bizquad Perspective
The headline growth number hides whether this is driven by more units, higher billing rates, or currency effects, and leaders should ask which before reading it as pure demand strength.