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India’s Services Trade Surplus Hits Record High.

Economy & Business | Dated: 17 Feb 2026

India's services trade surplus reached a record high of $16.17 billion in January 2026, driven by strong growth in IT and business services exports. Services exports stood at $32.80 billion, significantly outpacing imports, which helps cushion the merchandise trade deficit.

🎯 Key Highlights:

  • The surplus grew by over 20% year-on-year.
  • Services exports are a key pillar of India's external sector.
  • Software services account for the largest share.

💡 Other Important Facts:

  • Indicator: Services Surplus.
  • Value: $16.17 Bn.
  • Driver: IT Exports.

📚 Test Your Knowledge:

What was the recorded value of India's services trade surplus in January 2026?

Correct Answer: $16.17 Billion

🚀 Quick Recap:

About Service Sector

  • Share in GDP – >50%
  • Key Body – SEPC