India's services export in July up 7.4% at USD 13.34 billion

India's services exports in July rose 7.4 per cent from a year ago to USD 13.34 billion, data from the Reserve Bank showed today.
However, import of services during the month rose marginally by a 3 per cent from a year ago to USD 6.82 billion, said the data on International Trade in Services.
The cumulative receipts (or exports) in services during April-July stood at USD 53.96 billion, while cumulative payments (or imports) were at USD 30.09 billion.
Services export in 2013-14 stood at 167.01 billion, while imports were at USD 88.19 billion.
The services sector contributes about 55 per cent to country's gross domestic product.

The monthly data on services are provisional and undergoes revision when the Balance of Payments (BoP) data are released on a quarterly basis.