Services trade surplus improves to 5.83% in February 2017
As per the data released by the reserve bank of India, India's services exports increased 5.9% to US$ 13.06 billion in February 2017 over February 2016. Meanwhile, India's services imports rose mere 0.6% to US$ 7.24 billion in February 2017. India's services trade surplus improved 13.3% to US$ 5.83 billion in February 2017 from US$ 5.14 billion in February 2016.India's services trade surplus fell 8.0% to US$ 59.30 billion in April-February fy2017 over a year ago, with 12.1% rise in services imports to US$ 87.20 billion. India's services exports rose mere 3.0% to US$ 146.50 billion in April-February 2017.
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