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India's services exports jumps 11.6% in December 2019

Capital Market 

Services trade surplus improves to US$ 7.45 billion in December 2019

As per the data released by the Reserve Bank of India, India's services exports increased 11.6% to US$ 20.00 billion in December 2019 over December 2018. Meanwhile, India's services imports moved up 10.4% to US$ 12.56 billion in December 2019.

India's services trade surplus galloped 13.7% to US$ 7.45 billion in December 2019 from US$ 6.55 billion in December 2018.

India's services trade surplus improved 1.8% to US$ 59.38 billion in April-December 2019 over a year ago, with 8.8% rise in services exports to US$ 165.86 billion. India's services imports moved up 13.1% to US$ 106.47 billion in April-December 2019.

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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, February 14 2020. 20:25 IST