Services export up 5.3% at $13 bn in Sept

Services exports rose 5.3 per cent to $12.94 billion in September this year compared to the same month last year.

However, import of services during the month fell by 9.1 per cent to $6.17 billion against the year-ago period, according to the Reserve Bank of India data.

In August 2014, services exports were nearly flat at $12.24 billion. The import of services was up 7.5 per cent at $6.77 billion in August over the year-ago month.

The cumulative receipts of exports in services during April-September stood at $79.05 billion, while cumulative payments (or imports) were at $43.04 billion.

Services export in 2013-14 stood at 167.01 billion. While, imports were at $88.19 billion.

The services sector contributes about 60 per cent to country's gross domestic product.