Overview
- State Bank data show October IT exports reached an all-time high, up 17% year over year and about 5% from September.
- Cumulative exports for the first four months of FY26 rose to roughly $1.4 billion, a 20% increase from the same period last year.
- Raising the retention limit in specialised foreign-currency accounts to 50% and permitting equity investment abroad encouraged firms to repatriate more proceeds.
- A P@SHA survey found 62% of IT companies maintain specialised foreign-currency accounts, indicating broad uptake of the new framework.
- Net IT exports in October climbed year over year, and while the government targets $5 billion for FY26, Topline Research projects about $4.5 billion, contingent on sustained momentum.