Services exports flat at $14 billion in December; imports at $7.2 billion: RBI

India's international trade in services remained almost flat from a year ago in December 2015 with exports of $14.04 billion and imports of $7.19 billion, says RBI data.

The services exports (or receipts) were at $14.30 billion in December 2014 and the services imports (or receipts) were at $7.24 billion during the month.

Despite the trade in services remaining flat in December 2015 from a year earlier, the exports and imports in terms of value were the highest from any other months of the current fiscal.

In cumulative terms, the services exports were at $117.34 billion during April-December period of 2015-16 so far.

The services imports were at $63.78 billion during the nine months ended December of this fiscal.

Services contribute about 55-60% to India's GDP and it receives high foreign inflows in this sector.