India's services trade surplus stands at US$ 5.54 billion in May 2016
As per the data released by the Reserve Bank of India, India's services exports increased 13.4% to US$ 13.46 billion in May 2016 over May 2015. Meanwhile, India's services imports jumped 25.4% to US$ 7.92 billion in May 2016. Thus, India's services trade surplus narrowed 0.3% to US$ 5.54 billion in May 2016 from US$ 5.56 billion in May 2015.India's services trade surplus improved 0.2% to US$ 11.26 billion, with 6.0% rise in services exports to US$ 26.37 billion in April-May 2016 over a year ago. India's services imports increased 10.7% to US$ 15.11 billion in April-May 2016.
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