How much do India's services exports total each month?

History

The RBI calls services exports "receipts" and imports "payments". Figures for July to September 2026 are provisional; April to June 2026 were revised using the quarterly balance of payments.

The figures side by side

How we got this number

1. Take the 'Receipts (Exports)' column of the RBI's monthly press release on India's international trade in services: US$ 39,305 million for September 2026, with growth of 7.2 per cent over September 2025 in brackets.
2. Take the 'Payments (Imports)' column from the same table: US$ 20,097 million, and subtract it from exports to get the surplus of US$ 19,208 million.
3. Put it next to the earlier months from the RBI's August 2026 release: US$ 36,845 million in April, US$ 33,196 million in May, US$ 36,197 million in June, US$ 38,253 million in July and US$ 35,471 million in August 2026.

What this number does not tell you

• July to September 2026 figures are provisional and can change when the RBI publishes the quarterly balance of payments.
• April to June 2026 figures in the chart are the revised ones from the RBI's August 2026 release, not the first-published values.
• Growth rates in brackets are the RBI's, compared with the same month a year earlier, and are themselves revised.

Sources

1. RBI, Monthly Data on India's International Trade in Services for September 2026, 30 October 2026International Trade in Services (US$ million) Month Receipts (Exports) Payments (Imports) July – 2026 38,253 (13.4) 20,606 (19.1) August – 2026 35,471 (13.7) 18,934 (21.4) September – 2026 39,305 (7.2) 20,097 (12.6) Note: (i) Data for July-September are provisional.
2. RBI, Monthly Data on India's International Trade in Services for August 2026, 30 September 2026 — values in brackets are growth over the same month a year earlier, in per centInternational Trade in Services (US$ million) Month Receipts (Exports) Payments (Imports) April – 2026 36,845 (12.2) 18,448 (9.1) May – 2026 33,196 (2.3) 17,667 (5.8) June – 2026 36,197 (12.7) 18,508 (16.4) July – 2026 38,253 (13.4) 20,606 (19.1) August – 2026 35,471 (13.7) 18,934 (21.4)

Worked out by us: 39.3 (US$ 39,305 million (RBI, September 2026) divided by 1,000 to give US$ billion, rounded to one decimal); 19208 (US$ 39,305 million exports minus US$ 20,097 million imports (RBI, September 2026)).

Questions people ask

How much did India earn from services exports in September 2026?

US$ 39,305 million, up 7.2% on September 2025 (RBI, provisional).

What is India's services surplus?

In September 2026 exports of US$ 39,305 million less imports of US$ 20,097 million left a surplus of US$ 19,208 million.

Where do the RBI figures differ from the Commerce Ministry's?

The ministry's trade release estimates services for the latest month until the RBI publishes its figure. The RBI figure is the one to use for services.

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This figure is from RBI's own release or a report quoting it. We recheck it monthly. If you have a newer or better source, send it to us.