India's services trade surplus narrows 9.8% to US$ 5.884 billion in July 2015

Services exports dip 5.3% to US$ 51.04 billion in April-July 2015

As per the data released by the Reserve Bank of India, India's services exports rose 0.3% to US$ 13.39 billion in July 2015 over July 2014, snapping decline for last four sequential months. However, India's services imports jumped 10% to US$ 7.502 billion in July 2015.

Thus, India's services trade surplus declined 9.8% to US$ 5.884 billion in July 2015 from US$ 6.522 billion in July 2014.

India's services trade surplus fell 5.9% to US$ 22.37 billion, with 5.3% dip in services exports to US$ 51.04 billion in April-July 2015 over a year ago. India's services imports declined 4.8% to US$ 28.67 billion in April-July 2015.

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