India exports services to many parts of the world. The USA, the UK, and Japan are the largest importers of Indian services. Due to the large-scale workforce availability, cheap labour, English language skills, India’s services are popular around the world. Hence, the software, computer, IT, BPO, and call centre are some of the largest services that are exported to America, Europe, Asia, and also the Gulf countries.
For the software services and the IT sector of India, the USA, the UK, and the EU are the top importers accounting for about 62%, 17%, and 11% of the total IT-ITeS exports, respectively. Some of the other major software services from India are in Canada, Asia, Australia, and New Zealand. During 2020-21, USA and Canada imported US$ 75 billion of software services from India. The share of Europe and Asia combined during the same period was about 37% (i.e., US$ 49 billion). Also, during the same period, the share of the same for Australia and New Zealand combined was 3% (i.e., US$ 4.2 billion). Some of the other importers of services from India are Asia Pacific, Latin America, and Middle East Asia.
Some of India’s other top export markets are Hong Kong, Singapore, Germany, Bangladesh, Netherlands, and Nepal.