Services trade surplus narrows 20.8%, as imports jump 46.4% in November 2016
As per the data released by the Reserve Bank of India, India's services exports declined 11.0% to US$ 13.34 billion in November 2016 over November 2015. Meanwhile, India's services imports moved up 46.4% to US$ 8.32 billion in November 2016.India's services trade surplus narrowed 20.8% to US$ 5.02 billion in November 2016 from US$ 6.33 billion in November 2015.
India's services trade surplus fell 8.4% to US$ 42.81 billion in April-November 2016 over a year ago, with 11.8% rise in services imports to US$ 63.26 billion. India's services exports rose mere 2.7% to US$ 106.07 billion in April-November 2016.
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