India records Rs 7.73 lakh crore exports in FY26, Up 21.56% From FY24 under STP scheme
New Delhi, August 14
India's Software Technology Park units recorded estimated exports of over Rs 7.73 lakh crore in FY 2025-26, registering a 21.56 per cent increase from Rs 6.36 lakh crore in FY 2023-24, according to data shared by the Ministry of Electronics and IT. The data showed that exports by STP units stood at Rs 7,73,898.97 crore in FY 2025-26, compared with Rs 6,36,619.87 crore in FY 2023-24.
The Software Technology Park (STP) Scheme is a key government initiative to expand India's IT sector and promote software and IT-enabled services (IT/ITeS) exports.
"STP Scheme is a 100% export-oriented scheme to promote software and IT-enabled services (IT/ITeS) exports from India and STPI has been providing Statutory Services on a single-window Clearance System under STP Scheme," the release said.
As per export-import data shared by the Ministry, India's exports from STP units rose 21.57 per cent, from Rs 6,36,619.87 crore in FY 2023-24 to Rs 7,73,898.97 crore in FY 2025-26. Notably, exports increased consistently from Rs 6,36,619.87 crore in FY 2023-24 to Rs 6,88,194.11 crore in FY 2024-25 and further to Rs 7,73,898.97 crore in FY 2025-26.
However total investment reported by STP units declined from Rs 10,709.92 crore in FY 2023-24 to Rs 8,870.78 crore in FY 2024-25 and further to Rs 7,362.86 crore in FY 2025-26.
At the same time, imports by STP units stood at Rs 9,947.47 crore in FY 2023-24, Rs 9,482.27 crore in FY 2024-25 and Rs 9,960.26 crore in FY 2025-26. Additionally, the number of STP units stood at 2,059 in FY 2023-24, declined marginally to 2,042 in FY 2024-25, and increased to 2,125 in FY 2025-26.
The number of STP units registered with STPI increased to 2,125 in FY 2025-26 from 2,059 in FY 2023-24, with Karnataka and Tamil Nadu leading with 391 units each, followed by Maharashtra with 367 and Telangana with 280 units.
State-wise exports by STP units registered with STPI during the last three years were led by Karnataka at Rs 3,50,184.78 crore, followed by Maharashtra at Rs 1,62,594.11 crore and Telangana at Rs 1,13,101.83 crore as per the data.
— ANI
Reader Comments
Impressive numbers! But I can't help noticing that despite 21% growth, the investment in these units has actually dropped by about 30%. Feels like we're squeezing more from existing setups rather than creating new ones. Hope this isn't a long-term concern for job creation.
As someone who's worked in the IT sector for 20+ years, the single-window clearance under STP scheme is a game-changer. Sir, the ease of doing business has improved so much since my early days. But I wish smaller cities got more STP units too — why always Bangalore, Pune, Hyderabad? Tier-2 cities also have talent!
We are proud of this achievement, but let's not forget that these numbers are just part of the picture. Net exports matter more, and with imports nearly at Rs 10,000 crore, the real benefit is still very positive, but we need a balanced tech ecosystem — not just exports but also developing our own products. 🇮🇳
Interesting data. The drop in investment over the same period seems a bit concerning for sustainability. Are the old units maturing and becoming more efficient, or are new units not getting as much capital? Hope the government looks into the details beyond the headline growth figure.
Love seeing this! 💪 Our tech talent is world-class. But I feel the ministry should also focus on product innovation, not just services exports. Let's create unicorns from these STPs, not just service delivery centers. Still, kudos to all the hardworking engineers and managers out there! 🎉
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