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flag India's services exports hit $418.3 billion in FY26, cutting the trade deficit by over half.

flag India's services exports surged to $418.3 billion in FY26, crossing $400 billion for the first time with a 7.9% year-on-year increase. flag This growth generated a net surplus of $213.9 billion, offsetting 64.2% of the country's merchandise trade deficit, which widened to $119.3 billion. flag The Finance Ministry's report highlights the resilience of IT, business, and financial services amid global economic pressures.

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