India’s software and IT services exports reach $200 billion in 2023-24: Report. This marks a 3.63 per cent increase from the $193 billion recorded in the previous year. The southern region remains the largest contributor, accounting for $131.1 billion, which is about 65.55 per cent of the total exports. The USA leads at US$ 109.40 billion (54.70 per cent), followed by the UK at US $ 28.70 billion (14.35 per cent) and Singapore at $ 7 billion (3.50 per cent). China at 5.50 billion (2.75 per cent),\” the ESC’s Chairman, Global Outreach, Sandeep Narula, said. The rise of new technologies like artificial intelligence, machine learning, and cloud computing is further boosting India’s status as a global digital leader, he said. He added that the growth in IT Software and Services, Software Product Development, and BPO Services is a key driver of this trend.