India's services exports in May this year remained nearly flat at $13.46 billion compared to the same month of last year, data from Reserve Bank showed on Friday.

 
The services exports, or receipts from such services, were of the order of $13.43 billion in May 2016.
 
However, services imports by India rose by 4 per cent to $7.92 billion during the month under review from $7.62 billion a year ago.
 
During the first two months (April-May) of the current fiscal, the total receipts from services exports stood at $26.37 billion. It was only slightly up from $ 26.33 billion in the corresponding year-ago period.
 
On the other hand, payments towards services imports during April-May of 2017-18 was at $15.11 billion against $14.41 billion from a year ago.
 
The RBI data is complied from India's International Trade in Services.
 
The central bank publishes the data with a lag of 45 days which is provisional in nature and undergoes revision when the Balance of Payments (BoP) data are released on a quarterly basis.

Source : http://www.business-standard.com

Leave a comment

All * fields are Mandatory.

*Name :
*E-mail :
*Website :
*Comments :
Please Enter Text Shown :
 
 

 

Important Links