Services receipts flat at USD 58.6 bn in Apr-Jun: RBI

India's receipts from invisible services remained almost flat at USD 58.6 billion in the April-June quarter of current fiscal, while payments towards those activities rose by 13.8 per cent to USD 35.05 billion, RBI data showed today.
The term 'invisibles' means payments and receipts resulting from international trade in 'invisible' services rather than 'visible' goods. It comprises services sector, primary income and secondary income.
The RBI data on India's invisibles is in accordance IMF's Balance of Payments and International Investment Position Manual format for April-June of 2016-17.
The invisibles' receipts from services in the first quarter of the current fiscal 2016-17 stood at USD 39.53 billion, up 3.3 per cent from a year ago.

The receipts from primary income, increased by 13.5 per cent to USD 3.77 billion. However, the secondary income receipts were down by 11.4 per cent at USD 15.30 billion.
In the invisibles payments category, services payments from India were up by 15.8 per cent to USD 23.76 billion for the quarter ended June, 2016-17.
Invisibles payments from primary income sources also grew by 8.6 per cent at USD 9.97 billion.
And that from secondary income, the invisibles payments increased by 19.4 per cent to USD 1.32 billion.