Services trade surplus stands at US$ 5.56 billion in May 2015
As per the data released by the Reserve Bank of India, India's services exports declined 14.7% to US$ 11.87 billion in May 2015 over May 2014, recording decline for third straight month. India's services imports also dipped 21.3% to US$ 6.32 billion in May 2015.India's services trade surplus declined 5.7% to US$ 5.56 billion in May 2015 from US$ 5.89 billion in May 2014. India's services trade surplus fell 1.9% to US$ 11.24 billion, with 9.7% dip in services exports to US$ 24.89 billion in April-May 2015 over a year ago.
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