| 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
|