India gains 11% share in exports of global computer services in FY23: DBS Analysis

New Delhi, Apr 18 (KNN) During fiscal 2022-23, India’s share in global computer services exports has jumped to around 11 per cent, as per DBS analysis. 

In the same financial year the software exports recorded a high of USD 320 billion.

However the country still lags in the overall services export share at about 4 per cent, according to analysis of the trade data for FY23 by DBS senior economist Radhika Rao. 

According to her, the strong services trade performance will add to the improving external balance dynamics this year, which is also aided by falling commodity prices. 

The country's share in computer services exports in the global trade is at a significant 10-11 per cent.

While the overall services exports share is only 4 per cent in 2022, according to the DBS analysis.   (KNN Bureau)