Services trade surplus narrows 20.5% to US$ 5.14 billion in February 2016
As per the data released by the Reserve Bank of India, India's services exports declined 12.6% to US$ 12.33 billion in February 2016 over February 2015. Meanwhile, India's services imports also fell 9.0% to US$ 7.19 billion in February 2016.India's services trade surplus narrowed 20.5% to US$ 5.14 billion in February 2016 from US$ 6.46 billion in February 2015.
India's services trade surplus fell 6.0% to US$ 64.43 billion, with 2.8% decline in services exports to US$ 142.24 billion in April-February 2016 over a year ago. India's services imports eased 0.3% to US$ 77.81 billion in April-February 2016.
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