Services exports in Jan up 8% at $13.90 bn: RBI

Last Updated: Friday, March 15, 2013 - 22:26

Mumbai: India's services exports in January, 2013 stood at USD 13.89 billion, up 7.9 percent from a month ago, according to the Reserve Bank Bank of India.

The services exports in December, 2012 stood at USD 12.88 billion.

Imports of services also moved up to USD 7.52 billion in January from USD 6.76 billion in the previous month, as per the RBI data.

The services sector contributes about 55 percent to the country's gross domestic product.

During April-January period of 2012-13, the cumulative services receipt or exports have amounted to USD 118.90 billion.

Imports of services were valued at USD 67.34 billion during the first ten months of the current financial year.

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 generally undergo revision when the Balance of Payments (BoP) data are released on a quarterly basis.


First Published: Friday, March 15, 2013 - 22:26

More from zeenews

comments powered by Disqus