Services exports up 9.6% on year in May-25, services imports contract 1.1%

Reserve Bank of India (RBI) stated in a latest update that during May 2025, services exports came in at US$ 32.45 billion, up 9.6% on year while services imports contracted by 1.1% on year to US$ 16.69 billion. Services exports and imports fell 1.20% and 1.30% respectively on monthly basis. Net services export earnings also dropped by 1.10% on month to US$ 15.78 billion during the month.

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