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Services export falls 4% at $12 billion in November.


Date: 16-01-2016
Subject: Services export falls 4% at $12 billion in November
MUMBAI: Services exports fell by 3.8 per cent year-on-year to $12.01 billion in November 2015, the RBI data showed today.

Import of services too fell by 7.6 per cent to $5.69 billion in the month last year compared to November 2014, according to the RBI data on International Trade in Services.

In October 2015, services exports stood at $13.34 billion while imports were at $7.01 billion.

The services sector contributes about 55 per cent to country's gross domestic product.

RBI releases the provisional aggregate monthly data on India's international trade in services with a lag of 45 days.

Monthly data on services are provisional and undergoes revision when the Balance of Payments (BoP) data are released on a quarterly basis.

Source : economictimes.indiatimes.com

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