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Services exports up 4.4% at $13.3 bn in June, imports at $8.4bn.


Date: 13-08-2016
Subject: Services exports up 4.4% at $13.3 bn in June, imports at $8.4bn
India's services exports rose by 4.4 percent to USD 13.32 billion in June this year, Reserve Bank data showed on Friday.

Services exports in June 2015 was at USD 12.77 billion.

The exports stood at USD 13.46 billion in May 2016.

Services imports during the reported month increased by 11.5 percent at USD 8.40 billion compared to USD 7.52 billion in the year-ago period.

Services imports in May 2016 were at USD 7.92 billion.

The figures are based on RBI data on International Trade in Services for May 2016.

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

The RBI data is provisional and undergoes revision when the Balance of Payments (BoP) data is released on a quarterly basis.

Source : moneycontrol.com

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