India’s STP Software Exports Touch ₹7.73 Lakh Crore in FY26

India’s software export ecosystem continued to expand in FY 2025-26, with units registered under the Software Technology Park (STP) Scheme recording estimated exports of ₹7,73,898.97 crore, up from ₹6,36,619.87 crore in FY 2023-24. The figures highlight the growing role of the STP framework in India’s software and IT-enabled services exports, alongside government efforts to simplify regulations and expand technology infrastructure.

The 100% export-oriented STP Scheme aims to promote software and IT/ITeS exports, with Software Technology Parks of India (STPI) providing statutory services through a single-window system. STP units rose from 2,059 in FY24 to 2,125 in FY26, while exports increased by about 21.6%. Reported investment, however, declined from ₹10,709.92 crore to an estimated ₹7,362.86 crore. Imports stood at ₹9,947.47 crore in FY24 and an estimated ₹9,960.26 crore in FY26.

The latest data also highlights the dominance of India's major technology clusters. STPI's broader FY25 figures show registered IT/ITeS units generated ₹10.69 lakh crore in software exports. Karnataka led with ₹4,58,669.50 crore, accounting for about 42.9% of the total, followed by Maharashtra at ₹2,09,857.71 crore, Telangana at ₹1,39,571.50 crore and Tamil Nadu at ₹87,146.59 crore. Together, the four states contributed nearly 84% of STPI-linked exports.

Bengaluru, Pune, Hyderabad and Chennai remain key technology centres, while Gurugram and Noida are emerging as major northern hubs. Haryana recorded ₹61,670.66 crore and Uttar Pradesh ₹47,917.77 crore in broader STPI-linked exports in FY25. Individual commercial parks do not have comparable publicly reported export figures, making state and STPI jurisdiction data the more reliable measure.

Andhra Pradesh recorded one of the strongest growth rates. Despite having only 31 STP units in FY26, exports rose from ₹2,325.70 crore in FY24 to an estimated ₹5,057.15 crore, an increase of nearly 117%. Telangana recorded ₹1,13,101.83 crore in estimated FY26 STP exports from 280 units.

STPI is simultaneously reducing regulatory friction through automated SOFTEX services, integration with the RBI's EDPMS, blanket import permissions and self-declaration for DTA sales. Its wider network also extends into Tier-II and Tier-III cities, with 59 of its 67 centres located outside major metros in FY25.

The data suggests India's next phase of IT growth will combine higher export productivity, digital compliance, regional expansion and startup support, while established hubs continue to anchor the country's software-export engine.