India's Service Exports Surge Amidst Middle East Tensions

In April, India's service exports increased by 12.7% to USD 37.021 billion despite Middle East tensions, as reported by the Reserve Bank of India. Imports also saw an 8.9% rise. This resilience highlights India's efforts to diversify exports amidst global uncertainties.

According to the Reserve Bank of India (RBI), India's service exports experienced a significant 12.7% growth in April, reaching USD 37.021 billion. This marks the highest growth recorded in the calendar year.

The increase in trade activity came despite ongoing geopolitical tensions in the Middle East, which have heavily influenced economic endeavors in the region and contributed to the depreciation of the Indian rupee. At the same time, imports also saw an 8.9% growth, reaching USD 18.417 billion.

The RBI's annual report for 2025-26 highlighted that India's external sector remained largely resilient amid global policy uncertainties and geopolitical challenges. This resilience is attributed to efforts in diversifying exports, maintaining a consistent surplus in the services trade, and steady inward remittances.