Services exports flat at $14 bn in Dec; imports at $7.2 bn: RBI

India's international trade in services remained almost flat from a year ago in December 2015 with exports of USD 14.04 billion and imports of USD 7.19 billion, says RBI data.

The services exports (or receipts) were at USD 14.30 billion in December 2014 and the services imports (or receipts) were at USD 7.24 billion during the month.

Despite the trade in services remaining flat in December 2015 from a year earlier, the exports and imports in terms of value were the highest from any other months of the current fiscal.

In cumulative terms, the services exports were at USD 117.34 billion during April-December period of 2015-16 so far.

The services imports were at USD 63.78 billion during the nine months ended December of this fiscal.

Services contribute about 55-60 percent to India's GDP and it receives high foreign inflows in this sector.