Business Standard

India's services exports in Dec at USD 12.87 billion

Image

Press Trust of India Mumbai
India's services exports in December stood at USD 12.87 billion, slightly higher from a month earlier, according to the Reserve Bank data released today.

Services exports were worth at USD 12.32 billion in November.

Imports of services during the month also moved up slightly to USD 6.73 billion from USD 6.12 billion in the previous month.

The services sector contributes about 55 per cent to the country's gross domestic product.

During April-October period, services exports were worth USD 113.28 billion.

Total services imports stood at USD 59.92 billion during the first eight months of the current financial year.

RBI releases the provisional aggregate monthly data on India's international trade in services with a lag of 45 days.
 

Monthly data on services are provisional and undergoes revision when the Balance of Payments (BoP) data are released on a quarterly basis.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 14 2014 | 6:41 PM IST

Explore News