Indian forests, having sixteen types of vegetation, provide various ecosystem services. Forests reduce water erosion of soil, reduce floods and conserve low river flow during dry seasons. Present study estimated annual sedimentation, texture, soil organic carbon control service of forests of India using the Revised Universal Soil Loss Equation (RUSLE) and Sediment Delivery Ratio (SDR) approach through GIS technique along with identifying important drivers responsible for erosion in forests. The soil erosion control service was based on five factors viz., rainfall erosivity, soil erodibility, slope, crop management, conservation practice factor and SDR across the various forest dominated river basins. Geo-detector modelling was performed to evaluate environmental drivers responsible for soil erosion. Valuation of soil control service of the India’s forests was estimated based on damage and replacement cost method. Annual soil loss rate was maximum in Tropical Thorn Forest and in Ganga River basin. Maximum sediment control and SOC conservation against the soil erosion control service by India’ forests were due to Tropical Dry Deciduous Forest with a total annual sedimentation control and SOC conservation of 33,056,560 tonnes and 3,31,115.06 tonnes, respectively. The conservative estimate of the economic value of soil conservation service by the forests of India was US$ 535.6 M with an average of 4.40 US$ ha−1 and a maximum share of value for Tropical Dry Deciduous Forest i.e. 294.18 million US$ and average maximum value for Littoral and Swamp Forest (28.91 US$ ha−1). The soil erosion in Tropical and Sub-tropical Forest was influenced by the interactive effects between NDVI and Bulk Density. In contrast, soil erosion in the temperate and alpine area was influenced by anthropogenic activity in combination with climatic factors. Present study accounts the role of India’s forests for the soil conservation service and may provide inputs to implement forest and reservoir management strategies besides providing information for Integrated Watershed management and Catchment Treatment Plans.