India's services export declines 6.4% in December 2020

India's services trade surplus falls 3.1% to US$ 7.22 billion in December 2020

As per the data released by the Reserve Bank of India, India's services exports declined 6.4% to US$ 18.72 billion in December 2020 over December 2019. Meanwhile, India's services imports dipped 8.4% to US$ 11.50 billion in December 2020.

India's services trade surplus declined 3.1% to US$ 7.22 billion in December 2020 from US$ 7.45 billion in December 2019.

India's services trade surplus improved 6.5% to US$ 63.23 billion in April-December 2020 over a year ago, The services exports declined 7.5% to US$ 153.35 billion. India's services imports dipped 15.4% to US$ 90.12 billion in April-December 2020.

 

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