$11.46 bn services exports in April, imports $6.88 bn: RBI
Press Trust of India / New Delhi Jun 15, 2011, 21:22 IST
India's services exports in April stood at $11.46 billion, while imports were valued at $6.88 billion, the Reserve Bank of India (RBI) today said.
This is for the first time monthly figures are being made available. In a press statement, the central bank said now the aggregate data on trade in services will be released on a monthly basis after a gap of about 45 days.
"As a follow up of the implementation of the recommendations of the Working Group on Balance of Payments (BoP), provisional aggregate data on trade in services have been compiled for the first time for April 2011," it said.
These provisional data will undergo a revision when the BoP data are compiled on a quarterly basis which will be released with a lag of a quarter, it added.
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