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Services exports up 6.4% at $11.06 bn in July
India's services exports in July rose to USD 11.06 billion, up 6.4 percent from a year earlier, Reserve Bank of India data showed Friday.
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Mumbai: India's services exports in July rose to USD 11.06 billion, up 6.4 percent from a year earlier, Reserve Bank of India data showed Friday.
The total exports from services in July 2011 stood at USD 10.4 billion, as per the RBI data.
Imports of services in July grew by 10.3 percent to USD 6.5 billion compared to USD 5.9 billion a year earlier.
The services sector contributes about 55 percent to the country's gross domestic product.
During April-July of 2012-13, the cumulative services receipt or exports has amounted to USD 44.4 billion, showed the RBI data.
Services outgo or imports stood at USD 27.04 billion in the first four 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 (BoP) data are released on a quarterly basis.
PTI
The total exports from services in July 2011 stood at USD 10.4 billion, as per the RBI data.
Imports of services in July grew by 10.3 percent to USD 6.5 billion compared to USD 5.9 billion a year earlier.
The services sector contributes about 55 percent to the country's gross domestic product.
During April-July of 2012-13, the cumulative services receipt or exports has amounted to USD 44.4 billion, showed the RBI data.
Services outgo or imports stood at USD 27.04 billion in the first four 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 (BoP) data are released on a quarterly basis.
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