Moneycontrol
Mar 16, 2016 01:12 PM IST | Source: PTI

Jan service exports ease to $12.6 bn, imports fall 12%

In percentage terms, service exports were down 11.77 percent and imports 12.16 percent, respectively.


India's service exports in January declined to USD 12.57 billion from a year earlier whereas imports shrank to USD 6.84 billion, RBI said.


In percentage terms, service exports were down 11.77 percent and imports 12.16 percent, respectively.


For April-January of this fiscal, the exports came in at a cumulative USD 129.91 billion while the imports stood at USD 70.62 billion.

Services contribute about 55-60 percent of India's GDP and attract high foreign inflows.

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