Services exports edge up at USD 12.47 bn in Nov

Services exports edged up by 1.21 per cent to USD 12.47 billion in November compared to the same month last year.

The services exports during the same month a year ago stood at USD 12.32 billion, showed the RBI data which was released today.

Import of services during the month were almost flat at USD 6.16 billion, against USD 6.12 billion in the year ago period.

The cumulative receipts (or exports) in services during April-November stood at USD 103.76 billion, while cumulative payments (or imports) were at USD 55.13 billion.

Services export in 2013-14 stood at 167.01 billion. While, imports were at USD 88.19 billion.
 

The services sector contributes about 60 per cent to country's gross domestic product.