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India's services exports fall to $12.32 bn in November

Date 16-January-2014
Subject India's services exports fall to $12.32 bn in November

MUMBAI: India's services exports in November stood at $12.32 billion, slightly lower than in October, according to the Reserve Bank data.

Services exports were worth at $12.56 billion in October. Imports of services in November moved down slightly to $6.11 billion from $6.96 billion in the previous month. The services sector contributes about 55 per cent to the country's gross domestic product. During April-November period, services exports were worth $100.41 billion.

Total services imports stood at $53.19 billion during the first eight months of the current financial year. RBI releases the provisional aggregate monthly data on India's international trade in services with a lag of 45 days. Monthly data on services are provisional and undergoes revision when the Balance of Payments (BoP) data are released on a quarterly basis.

Source : economictimes.indiatimes.com

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