📷 Image: Wikimedia Commons / Ministry of Commerce and Industry (India)
Business
India's Services Trade Surplus Hits $53.39 Billion in Q2
✍️ The Economic Times
🗓 31 Oct 2026, 08:26 AM
👁 2
India recorded a services trade surplus of $53.39 billion in the second quarter, up from $50.24 billion in Q1, according to the Ministry of Commerce.
India’s services sector posted a trade surplus of $53.39 billion in the second quarter of the fiscal year, according to data released by the Ministry of Commerce and Industry.
The figure represents a rise of $3.15 billion from the $50.24 billion surplus recorded in the first quarter.
The uptick was driven largely by the IT and software services segment, which continued to attract foreign clients amid global demand for digital solutions.
Economists say the stronger services trade helps cushion the overall balance of payments and supports the rupee’s stability.
The figure represents a rise of $3.15 billion from the $50.24 billion surplus recorded in the first quarter.
The uptick was driven largely by the IT and software services segment, which continued to attract foreign clients amid global demand for digital solutions.
Economists say the stronger services trade helps cushion the overall balance of payments and supports the rupee’s stability.