Services export dips 4.79% in October

After registering a growth in September, India's services export dipped by 4.79 per cent to USD 13.11 billion in October, according to RBI data.
There was a growth of 3.4 per cent in exports in September this year.
Services import too declined by 7.51 per cent to USD 7.68 billion during the month under review.
On cumulative basis, total services export was USD 37.79 billion during the April-October period this fiscal.
The services sector contributes about 55 per cent to the country's gross domestic product.