Services exports down 4% at $11.4 bn in Aug
Mumbai: The country's services exports in August stood at USD 11.4 billion, down 4.3 per cent from a year earlier, Reserve Bank of India data showed today.
The total exports from services in August 2011 was at USD 11.8 billion, as per the RBI data.
Imports of services in August by fell by 3.7 per cent to USD 6.6 billion compared to USD 6.8 billion a year earlier.
The services sector contributes about 55 per cent to the country's gross domestic product.
During April-August of 2012-13, the cumulative services receipt or exports has amounted to USD 55.8 billion, showed the RBI data.
Services outgo or imports stood at USD 33.6 billion in the first five months of the fiscal.
RBI releases the provisional aggregate monthly data on India's international trade in services with a lag of 45 days.
The monthly data on services are provisional and would undergo revision when the Balance of Payments data are released on a quarterly basis.