Services export down 7% to $13 bn in June

PTI Updated - March 13, 2018 at 10:33 AM.

Services export fell 6.8 per cent to $12.97 billion in June compared to the same month last year.

Import of services during the month also fell 10.4 per cent to $7.19 billion, according to the RBI data.

Total receipts (or exports) in services during April-May stood at $40.47 billion, while payments (or imports) were at $24.09 billion, the data showed.

India’s services export in 2013-14 stood at $167.01 billion and imports were at $88.19 billion.

The services sector contributes about 60 per cent to the country’s gross domestic product.

Published on August 15, 2014 05:36