Services exports fall 1.9 pc to USD 14.05 bn in Mar 2015

India's services exports were down by 1.9 per cent at USD 14.05 billion in March 2015 as compared to the same month last year.
Services exports were at USD 14.32 billion in March 2014.
Import of services during the month also fell by 7.3 per cent to USD 7.87 billion, as against USD 8.5 billion in the same month of 2014, according to the RBI data released today.
Taking into account individual monthly data of services exports and imports, during 2014-15 total exports were at USD 160.51 billion, while imports were at USD 91.56 billion.
Services exports in 2014-15 were down by 4 per cent compared to USD 167.01 billion in 2013-14.

However, services imports rose by 3.8 per cent in 2014-15 compared to USD 88.19 billion in 2013-14.
The RBI data are provisional and undergoes revision when Balance of Payments (BoP) data are released.
The services sector contributes about 60 per cent to country's gross domestic product.