India's services exports fall to $12 bn in Nov

India's services exports in November stood at $12.32 billion, slightly lower than in October, according to the Reserve Bank data.

Services exports were worth at $12.56 billion in October.

Imports of services in November moved down slightly to $6.11 billion from $6.96 billion in the previous month.

The services sector contributes about 55% to the country's gross domestic product.

During April-November period, services exports were worth $100.41 billion.

Total services imports stood at $53.19 billion during the first eight months of the current financial year.

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.