Services trade surplus improves 2.9% to US$ 68.52 billion in April-February FY2015
As per the data released by the Reserve Bank of India, India's services export increased 7.2% to US$ 14.1 billion, while services imports jumped at 11-month high pace of 23.6% to US$ 7.9 billion in February 2015 over February 2014. With the higher growth in India's services imports, the services trade surplus narrowed 4.5% to US$ 6.46 billion in February 2015.India's services trade surplus rose 2.9% to US$ 68.52 billion, with 4.2% increase in services exports to US$ 146.32 billion in April-February 2015 over a year ago.
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