Services Exports

Services exports are booming, and this is just the beginning

Policy focus is primarily on manufacturing and to lesser extent on IT/ITES. In terms of growth, it’s “other business services” which have outpaced traditional software exports. Dominated by small firms, the potential for further growth here is huge if government clears regulatory cholesterol

Services exports continue to ease India’s trade deficit woes

At a time when India’s merchandise trade deficit widened to a historical high in the last month, services remained resilient with outbound shipments expected to outstrip the record increase of $34.31 billion in October.

India can do well by focusing on services, says Commerce Secretary Sunil Barthwal

The government is also targeting to take organic exports to $1 billion by FY26

India’s services exports come to the rescue, up 3.5 percent in June

Services exports in June 2023, at $27.861 billion, were as high as 84.5 percent of merchandise exports during the month

Are services exports slowing down too?

There is a slowdown in the labour-intensive exports such as textiles, leather products and gems & jewellery

India’s combined trade deficit hits 21-month low at $1.38 billion in April

An upward revision of trade data has taken total countries' exports in fiscal year 2022-23 to $ 775.87 billion.

Services exports may reach $400 billion during 2023-24: SEPC

During 2022-23, the country's services exports rose by 42 per cent to USD 322.72 billion from USD 254 billion in 2021-22, according to provisional data from the commerce ministry.

Services exports to cross $300 billion this fiscal; $1 trillion achievable by 2030: SEPC

Services Export Promotion Council (SEPC) Director General Abhay Sinha said support measures in the forthcoming foreign trade policy (FTP) would help further boost the exports.

India's services exports to cross $300 billion target for this fiscal: Piyush Goyal

Piyush Goyal said that on the merchandise front also, exports are so far registering healthy growth despite the world being under recession, huge inflationary pressure , and overstocking of various commodities.

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Budget 2023 | Services export promotion body seeks tax relief, revival of incentives

Services exports are booming but the industry still needs help, according to Services Export Promotion Council chief Abhay Sinha.

India's service exports rise 20.2% to $23.26 billion in July

As per the monthly data on India's international trade in services for July 2022, the imports rose 22.3 per cent to USD 13.92 billion in July.

Doing a service to services exports — four tips

If India has to export more services, New Delhi needs to provide better regulatory support, offer financial incentives, deepen market access and put in place data protection rules

Services exports may reach over $240 billion in 2021-22, need govt support: SEPC

Services Export Promotion Council (SEPC) Chairman Maneck Davar said that during the first five months of the current fiscal year, exports from the sector increased 14 per cent to USD 95 billion.

Services exports fall 1.4% to $17.3 billion in September

Cumulatively, the services exports stood at $100.97 billion during April-September 2020 and the imports were $58.98 billion.

India's services exports up 2.8% to $18 bn in April

The services receipt or exports during April 2018 stood at $17.56 billion.

Services exports dip 3.84% in February to $15.7 bn

Imports during the month under review recorded a growth of 3.1 percent to USD 10.14 billion.

Services exports up 4.4% at $13.3 bn in June, imports at $8.4bn

India's services exports rose by 4.4 percent to USD 13.32 billion in June this year, Reserve Bank data showed on Friday.

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

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.

Services exports fall 4.5% to $13.01 bn in April

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.

Govt drawing new roadmap for boosting services exports

An exercise has also been started to properly capture the data on the services sector, a move which will help frame policies on the sector and negotiate free trade agreements. "Our attention is always on merchandise trade and not really on services trade.