India's services export in July up 7.4% at USD 13.34 billion

Image
Press Trust of India Mumbai
Last Updated : Sep 15 2014 | 7:20 PM IST
India's services exports in July rose 7.4 per cent from a year ago to USD 13.34 billion, data from the Reserve Bank showed today.
However, import of services during the month rose marginally by a 3 per cent from a year ago to USD 6.82 billion, said the data on International Trade in Services.
The cumulative receipts (or exports) in services during April-July stood at USD 53.96 billion, while cumulative payments (or imports) were at USD 30.09 billion.
Services export in 2013-14 stood at 167.01 billion, while imports were at USD 88.19 billion.
The services sector contributes about 55 per cent to country's gross domestic product.
The 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: Sep 15 2014 | 7:20 PM IST

Next Story