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Services export falls 4 pc at USD 12 bn in Nov

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Press Trust of India Mumbai
Services exports fell by 3.8 per cent year-on-year to USD 12.01 billion in November 2015, the RBI data showed today.

Import of services too fell by 7.6 per cent to USD 5.69 billion in the month last year compared to November 2014, according to the RBI data on International Trade in Services.

In October 2015, services exports stood at USD 13.34 billion while imports were at USD 7.01 billion.

The services sector contributes about 55 per cent to country's gross domestic product.

RBI releases the provisional aggregate monthly data on India's international trade in services with a lag of 45 days.
 

Monthly data on services are provisional and undergoes revision when the Balance of Payments (BoP) data are released on a quarterly basis.

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First Published: Jan 15 2016 | 9:32 PM IST

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