Service exports flat at $12.9 billion in April, imports $7.2 billion

Services sector contributes about 55% to country's GDP

India's services export remained almost flat at $12.91 billion in April 2016, the Reserve Bank data showed on Wednesday.

The services export in April 2015 was at $13.01 billion. While in March this year, the services export stood at $12.89 billion.

Similarly, services import by India was also steady at $7.18 billion in April as against $7.32 billion in the year-ago month.

Services import in April this year, however, remained lower than March 2016 when it stood at $7.91 billion.

The figures are based on RBI' data on International Trade in Services for April 2016.

The services sector contributes about 55% to country's gross domestic product.

RBI data are provisional and undergoes revision when the Balance of Payments (BoP) data are released on a quarterly basis.