NEWS: Karnataka retains its position as India's leading software and services exporter in FY 2025–26, recording exports worth approximately $173 billionà The state also ranked fourth in merchandise exports with exports valued at $34 billion.
Key Highlights
- Total software & services exports: $173 billion
- Mrchandise exports: $34 billion (4th highest in India)
- Overall growth in software, services & merchandise exports: 3%
- Karnataka accounts for 41% of India's total software and services exports
- Continues to be the country's leading technology and innovation hub
Comparison with Other States
- Karnataka: 41% share of India's software & services exports
- Maharashtra: 16%
- Tamil Nadu: 5%Uttar Pradesh: 5%
- Andhra Pradesh: 1%
- Gujarat: 9%
Sector-wise Eport Growth
The highest growth in merchandise exports was recorded in:
- Iron ore & minerals: +61%
- Chemicals & allied products: +56%
- Engineering goods: +28.9%
- Leather products: +28.5%
- Spices: +24.5%
These figures indicate increasing global demand for Karnataka's industrial and agricultural products.
Factors Behind Karnataka's Success
- Strong IT ecosystem centered in Bengaluru
- Presence of leading technology, biotech, and electronics companies
- Growing manufacturing and aerospace sectors
- Availability of skilled workforce and research institution
- Strong innovation and startup culture
Significance
- Strengthens Karnataka's reputation as India's economic and technology powerhouse
- Enhances foreign exchange earnings and investment opportunities
- Generates employment and entrepreneurial opportunities
- Expands Karnataka's global footprint in both services and merchandise exports
- Supports India's ambition to become a major global technology and manufacturing hub