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India’s STP units exports recorded an estimated value of more than Rs 7.73 lakh crore in FY 2025-26, marking a significant rise over the Rs 6.36 lakh crore recorded in FY 2023-24, according to data shared by the Ministry of Electronics and Information Technology (MeitY).
The latest figures highlight the continued expansion of India’s software and IT-enabled services sector and the growing contribution of Software Technology Park of India (STPI)-registered units to the country’s export economy.
According to the data, exports from STP units increased from Rs 6,36,619.87 crore in FY 2023-24 to Rs 6,88,194.11 crore in FY 2024-25, before reaching Rs 7,73,898.97 crore in FY 2025-26. This represents an increase of approximately 21.56 per cent between FY 2023-24 and FY 2025-26.
1. STP Units Exports Cross Rs 7.73 Lakh Crore
The latest data shows strong growth in STP units exports over the three-year period.
Exports stood at Rs 6,36,619.87 crore in FY 2023-24. The figure increased to Rs 6,88,194.11 crore in FY 2024-25 and then climbed further to Rs 7,73,898.97 crore in FY 2025-26.
The consistent rise indicates the continued strength of India’s software and IT-enabled services industry.
The growth in exports also reflects the increasing role of Indian technology companies in global markets. Software services, IT-enabled services and other technology-related activities have become important contributors to India’s export performance.
The latest figures provide a positive indication of the sector’s ability to expand its international footprint.
2. STP Scheme Supports Software and IT Exports
The Software Technology Park (STP) Scheme is a key government initiative aimed at promoting software and IT-enabled services exports from India.
According to the Ministry of Electronics and IT, the scheme is a 100 per cent export-oriented programme designed to promote software and IT/ITeS exports.
STPI also provides statutory services through a single-window clearance system under the STP Scheme.
The initiative has played an important role in creating an environment that supports technology companies engaged in export-oriented activities.
The growth in STP units exports demonstrates the continuing relevance of the scheme in India’s technology ecosystem.
3. Number of STP Units Rises to 2,125
The number of STP units registered with STPI also increased during the period covered by the data.
There were 2,059 STP units in FY 2023-24. The number declined marginally to 2,042 in FY 2024-25 before increasing to 2,125 units in FY 2025-26.
The rise in the number of registered units alongside increasing exports points to continued activity within India’s software export ecosystem.
The data suggests that technology businesses across multiple states are contributing to India’s growing software export base.
The expansion of STP units also provides opportunities for technology companies to participate in international markets while operating within India’s established IT ecosystem.
4. Karnataka and Tamil Nadu Lead in STP Units
Karnataka and Tamil Nadu emerged as the leading states in terms of the number of STP units registered with STPI.
Both states had 391 STP units each in FY 2025-26.
Maharashtra followed with 367 units, while Telangana had 280 units.
The figures underline the importance of India’s major technology hubs in supporting the country’s software export industry.
Bengaluru and other technology centres in Karnataka have long been associated with India’s information technology sector. Tamil Nadu, Maharashtra and Telangana have also developed strong technology and business ecosystems that support software companies and IT-enabled services.
The geographical spread of STP units indicates that India’s technology export capabilities extend across several major states.
5. Karnataka Leads STP Units Exports
Karnataka also emerged as the leading state in terms of exports generated by STP units.
According to the data, Karnataka recorded Rs 3,50,184.78 crore in exports during the period under consideration.
Maharashtra followed with Rs 1,62,594.11 crore, while Telangana recorded Rs 1,13,101.83 crore.
The figures demonstrate the dominant role of these states in India’s technology export ecosystem.
Karnataka’s position reflects the continued strength of Bengaluru and the wider state as a major global technology and software services hub.
Maharashtra’s strong performance also highlights the importance of Mumbai and Pune as centres for technology, business services and software activity.
Telangana’s export performance reflects Hyderabad’s growing role as a major destination for technology companies and IT-enabled services.
Investment in STP Units Declines
While STP units exports increased strongly, the data also showed a decline in total investment reported by STP units.
Investment stood at Rs 10,709.92 crore in FY 2023-24, before falling to Rs 8,870.78 crore in FY 2024-25 and further declining to Rs 7,362.86 crore in FY 2025-26.
The contrasting trends in exports and investment are notable.
While export activity has continued to grow, reported investment by STP units has moved in the opposite direction over the three-year period.
The figures may prompt further examination of how technology businesses are expanding their export capabilities and using existing infrastructure, technology and human resources to increase international revenue.
Imports Remain Relatively Stable
Imports by STP units showed comparatively limited movement during the same period.
Imports stood at Rs 9,947.47 crore in FY 2023-24, declined to Rs 9,482.27 crore in FY 2024-25 and then increased slightly to Rs 9,960.26 crore in FY 2025-26.
The relatively stable import figures contrast with the strong rise in exports.
This indicates that the increase in software and IT-enabled services exports has not been accompanied by a similar increase in imports by STP units.
The data provides another indication of the strong export-oriented nature of India’s software technology ecosystem.
India’s Technology Export Sector Continues to Expand
The latest STP units exports figures come as India’s technology sector continues to play an important role in the country’s economic growth.
Indian IT and IT-enabled services companies serve customers across major international markets, providing software development, business process services, digital solutions and other technology-related services.
Government initiatives such as the STP Scheme have supported the development of infrastructure and regulatory mechanisms for export-oriented technology businesses.
The increase in exports to Rs 7.73 lakh crore in FY 2025-26 highlights the scale of India’s software export ecosystem.
What the Latest Data Means for India
The latest figures demonstrate both the strength and changing dynamics of India’s software technology sector.
On one hand, STP units exports have increased significantly, with exports rising by around 21.56 per cent between FY 2023-24 and FY 2025-26.
On the other hand, reported investment has declined during the same period, while the number of STP units has increased overall.
The combination suggests that India’s software export growth is being supported by an expanding network of technology businesses and established IT capabilities.
The performance of Karnataka, Maharashtra and Telangana further demonstrates the importance of India’s established technology hubs.
Strong Outlook for Software Exports
The rise in STP units exports to Rs 7,73,898.97 crore in FY 2025-26 marks a significant milestone for India’s technology sector.
With 2,125 STP units registered with STPI and major states continuing to contribute substantially to exports, the sector remains an important part of India’s international economic presence.
Karnataka’s leadership in exports, along with strong contributions from Maharashtra and Telangana, highlights the importance of regional technology ecosystems.
The latest data also reinforces the role of government initiatives in supporting India’s software and IT-enabled services exports.
As global demand for technology services continues to evolve, India’s software export sector is expected to remain an important contributor to the country’s economic growth and international competitiveness.
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