India`s services exports increase 12.7% in April despite West Asia tensions: RBI
The Reserve Bank of India (RBI) in its latest data has showed that India's services trade recorded strong growth in April 2026, with exports rising by 12.7% to $37.021 billion. The service exports marks the highest growth in the calendar year. Imports also rose by 8.9%, reaching $18.417 billion during the same period.
The expansion came despite the ongoing geopolitical conflict in West Asia, which has significantly impacted global trade, energy supply chains and regional economies. Further, rising West Asia tensions has also led to a depreciation of the Indian rupee.
RBI in its annual report of 2025-26 said that amidst heightened global policy uncertainties and geopolitical tensions, India's external sector remained broadly resilient due to efforts towards diversification of exports, a sustained surplus in services trade and steady inward remittances.
