India's service exports rose 14 percent to $ 102 billion: Niti Aayog

New -delhi, October 6 (IANS). According to a latest report from Niti Aayog, India’s service exports reached $ 102 billion, indicating an annual increase of 14 percent. The report further said that the service of service is also $ 48 billion, showing a 4.2 percent increase. In FY 2025, the country’s total trade reached $ 1.73 billion, including $ 823 billion exports and $ 908 billion imports. Mineral fuel, electric machinery and nuclear reactor were the most important export categories, with an increase of 38.2 percent in electrical machinery. The best import goods included mineral fuel, electric machinery, pearls and nuclear reactors. The report said that the inorganic chemical had an 82.1 percent increase, while the import of nuclear reactor increased by 18.1 percent. In the fourth quarter of FY 2025, the exports of India to the United Arab Emirates, the Netherlands, Britain, China and Singapore decreased, while exports to the US had a 27 percent increase in exports. During this term, imports from China, Russia, United Arab Emirates, America, Iraq, Saudi Arabia and Singapore increased. Gold from the United Arab Emirates and Electronics from China contributed to import flow. Earlier in the day, the data compiled by S&P Global said that the Indian service sector activities remained stable in September and that HSBC India Services’ purchase manager index (PMI) at 60.9. Pranjul Bhandari, HSBC chief economist, said that commercial activities in the service sector remain strong, although it was slightly lower than the recent high levels seen in August. He said: “Most trackers soften, but the survey showed nothing that shows that there was a great decline in the speed of development in services.” He further said: “Instead, the future activity index has reached its highest level since March, which is a sign of increasing optimism between service companies.” According to the report, PMI reading constantly indicated stability in India’s service economy, which supports strong demand, new business activities and positive attitudes between companies. -Ians skt/