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This Article is From Feb 14, 2014

India's services exports at $12.87 billion in December

India's services exports in December stood at $12.87 billion, slightly higher from a month earlier, Reserve Bank of India data showed on Friday.

India's services exports in December stood at $12.87 billion, slightly higher from a month earlier, Reserve Bank of India data showed on Friday.

Services exports were at $12.32 billion in the previous month.

Imports of services during the month under review also moved up slightly to $6.73 billion, from $6.12 billion in the previous month.

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

During April-October period, services exports were at $113.28 billion. Total services imports stood at $59.92 billion during the first eight months of the current financial year.

The RBI releases 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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