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This Article is From Mar 15, 2013

Services exports in January up 8 per cent at $13.90 billion: RBI

Country's services exports in January, 2013 stood at Rs 75, 228 crore ($13.90 billion), up 7.9 per cent from a month ago, according to the Reserve Bank Bank of India (RBI). The services exports in December, 2012 stood at Rs 70,530 crore ($12.88 billion).

New Delhi:

Country's services exports in January, 2013 stood at Rs 75, 228 crore ($13.90 billion), up 7.9 per cent from a month ago, according to the Reserve Bank Bank of India (RBI). The services exports in December, 2012 stood at Rs 70,530 crore ($12.88 billion).

Imports of services also moved up to $7.52 billion in January from $6.76 billion in the previous month, as per the RBI data.

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

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During April-January period of 2012-13, the cumulative services receipt or exports have amounted to $118.90 billion.

Imports of services were valued at $67.34 billion during the first ten months of the current financial year.

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

The monthly data on services are provisional and generally undergo revision when the Balance of Payments (BoP) data are released on a quarterly basis.

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