July services exports up 7.4% at $13.3 bn
16/09/2014 12:43
India’s services exports rose at a robust pace in the month of July, supporting the outlook for Asia’s third biggest economy which last quarter grew at the sharpest clip in more than two years.
Services exports climbed by 7.4 per cent to USD 13.34 billion in July 2014 from the same month a year ago, the Reserve Bank of India (RBI) said in a report on Monday.
Imports of services by India climbed by 3 per cent to USD 6.82 billion in July 2014 from the same month a year ago.
Trade surplus in the services sector widened to USD 6.5 billion in July 2014 from USD 5.7 billion in June 2014.
For the April-July 2014 period, exports of services stood at USD 53.96 billion while imports for the period came in at USD 30.09 billion.
For FY 2013-14, the country’s services exports were USD 167.01 billion while imports stood at USD 88.19 billion.
Services exports which includes IT software services, are a key contributor to India’s foreign exchange earnings, while the sector accounts for 55 per cent of India’s gross domestic product (GDP).
16/09/2014 12:43
India’s services exports rose at a robust pace in the month of July, supporting the outlook for Asia’s third biggest economy which last quarter grew at the sharpest clip in more than two years.
Services exports climbed by 7.4 per cent to USD 13.34 billion in July 2014 from the same month a year ago, the Reserve Bank of India (RBI) said in a report on Monday.
Imports of services by India climbed by 3 per cent to USD 6.82 billion in July 2014 from the same month a year ago.
Trade surplus in the services sector widened to USD 6.5 billion in July 2014 from USD 5.7 billion in June 2014.
For the April-July 2014 period, exports of services stood at USD 53.96 billion while imports for the period came in at USD 30.09 billion.
For FY 2013-14, the country’s services exports were USD 167.01 billion while imports stood at USD 88.19 billion.
Services exports which includes IT software services, are a key contributor to India’s foreign exchange earnings, while the sector accounts for 55 per cent of India’s gross domestic product (GDP).
