India's services export down 13% in Feb at USD 12.3 bn

Image
Press Trust of India Mumbai
Last Updated : Apr 18 2016 | 8:04 PM IST
India's services export fell by 12.6 per cent in February to USD 12.33 billion over the same month a year ago, the Reserve Bank data showed today.
In February 2015, the services export was at USD 14.09 billion.
Import of services too fell by 8.9 per cent to USD 7.19 billion during the month, as compared with USD 7.89 billion in February 2015, as per the RBI data on International Trade in Services.
The services sector contributes about 55 per cent to country's gross domestic product.
RBI releases the provisional aggregate monthly data on India's international trade in services with a lag of 45 days.
Monthly data on services are provisional and undergoes revision when the Balance of Payments (BoP) data are released on a quarterly basis.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 18 2016 | 8:04 PM IST

Next Story