Services trade surplus declines to US$ 5.04 billion in August 2017
As per the data released by the Reserve Bank of India, India's services exports increased 2.4% to US$ 13.70 billion in August 2017 over August 2016. Meanwhile, India's services imports declined 7.5% to US$ 8.66 billion in August 2017. India's services trade surplus declined 5.3% to US$ 5.04 billion in August 2017 from US$ 5.33 billion in August 2016.India's services trade surplus improved 5.3% to US$ 28.32 billion in April-August FY2017 over a year ago, with 1.7% dip in services imports to US$ 38.29 billion. India's services exports rose 1.1% to US$ 66.60 billion in April-August 2017.
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