Moneycontrol
Last Updated : Sep 16, 2014 10:43 AM IST | Source: PTI

India's services export in July up 7.4% at USD 13.34bn

Services export in 2013-14 stood at 167.01 billion, while imports were at USD 88.19 billion. The services sector contributes about 55 percent to country's gross domestic product.


India's services exports in July rose 7.4 percent from a year ago to USD 13.34 billion, data
from the Reserve Bank showed today. However, import of services during the month rose
marginally by a 3 percent from a year ago to USD 6.82 billion, said the data on International Trade in Services.


The cumulative receipts (or exports) in services during April-July stood at USD 53.96 billion, while cumulative payments (or imports) were at USD 30.09 billion. Services export in 2013-14 stood at 167.01 billion, while imports were at USD 88.19 billion. The services sector contributes about 55 percent to country's gross domestic product.

The monthly data on services are provisional and undergoes revision when the Balance of Payments (BoP) data are released on a quarterly basis.

First Published on Sep 15, 2014 07:28 pm
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