Services trade surplus narrows to US$ 5.57 billion in February 2018
As per the data released by the Reserve Bank of India, India's services exports increased 20.3% to US$ 15.71 billion in February 2018 over February 2017. Meanwhile, India's services imports jumped 40.2% to US$ 10.14 billion in February 2018.India's services trade surplus narrowed 4.4% to US$ 5.57 billion in February 2018 from US$ 5.83 billion in February 2017.
India's services trade surplus improved 6.2% to US$ 63.00 billion in April-December FY2017 over a year ago, with 8.9% dip in services imports to US$ 94.93 billion. India's services exports rose mere 7.8% to US$ 157.93 billion in April-February 2018.
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