Services export up 5.3% at $ 12.94 b in September

PTI Updated - November 14, 2014 at 07:02 PM.

Services exports rose 5.3 per cent to $ 12.94 billion in September this year compared to the same month last year.

However, import of services during the month fell by 9.1 per cent to $ 6.17 billion against the year-ago period, according to the RBI data.

In August 2014, services exports were nearly flat at $ 12.24 billion. The import of services was up 7.5 per cent at $ 6.77 billion in August over the year-ago month.

The cumulative receipts of exports in services during April-September stood at $ 79.05 billion, while cumulative payments (or imports) were at $ 43.04 billion.

Services export in 2013-14 stood at 167.01 billion, while imports were at $ 88.19 billion.

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

Published on November 14, 2014 13:32