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Services exports up 3.2% in May, imports rise 2.8%

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Press Trust of India Mumbai
Last Updated : Jan 20 2013 | 10:58 PM IST

India's services exports stood at $11.83 billion in May, 2011, up almost 3.2% in comparison to April.

The country's total receipts from services exported stood at $11.46 billion in April, 2011, the Reserve Bank said in a statement.

Imports of services were also up 2.8% in May at $7.08 billion, compared to $6.88 billion in April, as per the statement.

During the April-May period this fiscal, the country's cumulative exports of services amounted to $23.30 billion.

Imports of services, meanwhile, stood at $13.97 billion during the first two months of 2011-12.

The RBI last month started releasing provisional aggregate monthly data on India's international trade in services with a lag of 45 days.

For the first time, the data for April, 2011, was released on June 15.

This provisional data will undergo a revision once Balance of Payments (BoP) data is compiled on a quarterly basis, which will be released with a lag of a quarter, the apex bank said.

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First Published: Jul 15 2011 | 3:04 PM IST

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