Services exports down 6.8 pc to USD 12.9 bn in June

Services exports fell by 6.8 per cent to USD 12.97 billion in June as compared to the same month last year.
Import of services during the month also fell by 10.4 per cent to USD 7.19 billion, according to the RBI data.
Total receipts (or exports) in services during April-May stood at USD 40.47 billion, while payments (or imports) were at USD 24.09 billion, the data showed.
India's services export in 2013-14 stood at USD 167.01 billion and imports were at USD 88.19 billion.
The services sector contributes about 60 per cent to country's gross domestic product.