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India's services exports flat at $13.5 billion in May, imports up 4%

Services exports, or receipts from such services, were of order of $13.43 billion in May 2016

Press Trust of India  |  Mumbai 


India's in May this year remained nearly flat at $13.46 billion compared to the same month of last year, data from Reserve Bank showed on Friday.

The services exports, or receipts from such services, were of the order of $13.43 billion in May 2016.

However, services imports by India rose by 4 per cent to $7.92 billion during the month under review from $7.62 billion a year ago.

During the first two months (April-May) of the current fiscal, the total receipts from stood at $26.37 billion. It was only slightly up from $ 26.33 billion in the corresponding year-ago period.

On the other hand, payments towards services imports during April-May of 2017-18 was at $15.11 billion against $14.41 billion from a year ago.

The RBI data is complied from India's

The central bank publishes the data with a lag of 45 days which is provisional in nature and undergoes revision when the (BoP) data are released on a quarterly basis.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Fri, July 14 2017. 23:25 IST