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India's services exports jump 18.8% in October 2018

Capital Market 

Services trade surplus improves 23.2% to US$ 6.72 billion in October 2018

As per the data released by the Reserve Bank of India, India's services exports increased 18.8% to US$ 16.82 billion in October 2018 over October 2017. Meanwhile, India's services imports moved up 16.1% to US$ 10.10 billion in October 2018. India's services trade surplus improved 23.2% to US$ 6.72 billion in October 2018 from US$ 5.45 billion in October 2017.

India's services trade surplus has improved 15.8% to US$ 45.22 billion in April-October 2018 over a year ago, driven by 24.8% surge in services exports to US$ 117.89 billion in April-October 2018. India's services import has galloped 31.1% to US$ 72.67 billion in April-October 2018.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 14 2018. 17:32 IST