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India services export flat at $14 bn in Sept, imports rise to $8.45 bn

The services sector contributes to about 55% of the country's GDP

Press Trust of India  |  Mumbai 

India services export flat at $14 bn in Sept, import picks up to $8.45 bn

export of India remained flat at $13.73 billion in September year-on-year while slightly picked up to $8.45 billion, showed

In September 2016, India had exported worth U$13.77 billion. The grew 1.7 per cent from $8.30 billion last year.

In August 2017, the export was $13.7 billion while the came in at $8.66 billion.

Cumulatively, the services export during April-September read $80.33 billion. Import of services was valued at $46.74 billion in the first half of the fiscal, showed the data on India's International Trade in Services released by the (RBI).

India is one of the major economies contributing to the world services export industry.

The services sector contributes to about 55 per cent of the country's gross domestic product.

The data for the latest month comes with a lag of 45 days.

The data published by the RBI is provisional and undergoes revision when the Balance of Payments (BoP) data is released on a quarterly basis.

First Published: Tue, November 14 2017. 14:05 IST