Services trade surplus declines 6.7% to US$ 6.26 billion in July 2019
As per the data released by the Reserve Bank of India, India's services exports increased 8.7% to US$ 19.08 billion in July 2019 over July 2018. Meanwhile, India's services imports jumped 18.2% to US$ 12.83 billion in July 2019.India's services trade surplus declined 6.7% to US$ 6.26 billion in July 2019 from US$ 6.70 billion in July 2018.
India's services trade surplus was flat at US$ 25.90 billion in April-July 2019 over a year ago, with 9.1% rise in services exports to US$ 74.38 billion. India's services imports moved up 14.7% to US$ 48.48 billion in April-July 2019.
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