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India's services exports rise 6.6% in March; services imports up by 10.55%

The trade balance in services for March under review is estimated at $6.58 billion

Press Trust of India  |  New Delhi 

PMI

India's exports rose by 6.6 per cent to $17.94 billion in March, according to the data released by the

imports in March too grew by 10.55 per cent to $11.37 billion.

The trade balance in for the month under review is estimated at $6.58 billion.

The data comes with a lag of 45 days. It is also provisional and undergoes revision when the Balance of Payments (BoP) data is released on a quarterly basis.

The services sector accounts for over 55 per cent in the country's GDP and the government is taking steps to promote the growth of exports.

The government last year approved a Rs 5,000 crore package to promote 12 champion services sectors such as IT, tourism and hospitality.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Wed, May 15 2019. 20:41 IST
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