Exports of software services from India increased to 88.8% during 2021-22 fiscal: RBI

The share of the offsite mode of software services exports by Indian IT service companies increased to 88.8% in fiscal 2021-22 as compared with 82.8% five years ago, according to data from the Reserve Bank of India (RBI) released on Thursday. This implies an increase in the share of services offered and work done for global IT services clients from India.

India’s exports of software services (excluding exports through commercial presence) are estimated to have increased by 17.2% to $156.7 billion during the fiscal.