In 2023, India's IT sector exports reached $193 billion, with software and services accounting for $126 billion. This is almost double the $108 billion in 2016.
India's handmade carpet and rug exports reached US$ 1.39 billion in FY24 and are projected to continue growing, with the US being the largest market, accounting for approximately 40% of exports.
India's software exports to the U.S. market were estimated at over $103 billion in FY24 (2023-24), representing a significant portion of the total $205.2 billion in India's overall software services exports for that fiscal year.
India's defence production reached โน1.27 lakh crore in FY 2023-24, marking a 174% rise since 2014-15, driven by the Make in India initiative. Defence exports hit a record โน21,083 crore in FY 2023-24.