Services export up 5.3% at USD 12.94 bn in September

Services exports rose 5.3 per cent to USD 12.94 billion in September this year compared to the same month last year.
However, import of services during the month fell by 9.1 per cent to USD 6.17 billion against the year-ago period, according to the RBI data.
In August 2014, services exports were nearly flat at USD 12.24 billion. The import of services was up 7.5 per cent at USD 6.77 billion in August over the year-ago month.
The cumulative receipts of exports in services during April-September stood at USD 79.05 billion, while cumulative payments (or imports) were at USD 43.04 billion.

Services export in 2013-14 stood at 167.01 billion. While, imports were at USD 88.19 billion.
The services sector contributes about 60 per cent to country's gross domestic product.