| Date: |
16-06-2015 |
| Subject: |
Services Exports Fall 4.5% to $13 Billion in April |
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Mumbai: Services exports fell by 4.5 per cent to $13.01 billion in April 2015 as compared to the same month last year.
The services export during April 2014 stood at $13.63 billion, according to the RBI data released on Monday.
Import of services during April 2015 also fell by 9.1 per cent to $7.32 billion, against $8.06 billion in the same month a year ago.
Services export in 2014-15 fiscal stood at $167.01 billion, down 4 per cent from the year-ago period while imports were at $88.19 billion, up 3.8 per cent from 2013-14 fiscal.
The services sector contributes about 60 per cent to country's gross domestic product.
Source : profit.ndtv.com
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