India’s IT exports show minor shift from US in FY25, Europe gains share

BENGALURU: India’s dependence on the United States for software and IT services exports declined in FY25, while Europe’s share increased, according to the Economic Survey 2025–26.

The Survey shows that the US share of India’s software exports fell from 54.1% in FY24 to 52.9% in FY25. During the same period, Europe’s share rose from 30.8% to 32.8%.

“While the US remains the largest destination for software exports from India, its share has decreased,” the Survey said, noting a corresponding rise in exports to Europe.