| Date: |
16-12-2011 |
| Subject: |
Services Exports Up 2% in Oct |
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India’s services exports grew by two per cent year-on-year to $11.46 billion in October, according to the Reserve Bank of India.
The country’s total receipts from services exported stood at $11.22 billion in September, RBI data said.
Imports of services rose just 0.3 per cent in October to $6.82 billion, compared to $6.80 billion in September.
Overall, the services sector contributes over 55 per cent of India’s GDP. During the April-October period this fiscal, the country’s cumulative exports of services amounted to $79.34 billion.
Imports, meanwhile, stood at $47.55 billion during the first seven months of 2011-12.
RBI has, since this financial year, started releasing provisional aggregate monthly data on India’s international trade in services, with a lag of 45 days.
For the first time, the data for April this year was released on June 15.
Source : indianexpress.com
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