Services exports fall 4.5% to $13.01 bn in April

Services exports fell by 4.5 percent to USD 13.01 billion in April 2015 as compared to the same month last year.

The services export during April 2014 stood at USD 13.63 billion, according to the RBI data released on Monday.

Import of services during April 2015 also fell by 9.1 percent to USD 7.32 billion, against USD 8.06 billion in the same month a year ago.

Services export in 2014-15 fiscal stood at USD 167.01 billion, down 4 percent from the year-ago period while imports were at USD 88.19 billion, up 3.8 percent from 2013-14 fiscal.

The services sector contributes about 60 percent to country's gross domestic product.