India's services exports in Dec at $12.87 billion

Written by Press Trust of India | Mumbai | Updated: Feb 15 2014, 03:36am hrs
Services exportsIndia's services exports were worth at US dollar 12.32 billion in November. Reuters
India's services exports in December stood at USD 12.87 billion, slightly higher from a month earlier, according to the Reserve Bank data released today.

Services exports were worth at USD 12.32 billion in November. Imports of services during the month also moved up slightly to USD 6.73 billion from USD 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 worth USD 113.28 billion.

Total services imports stood at USD 59.92 billion during the first eight 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.

Monthly data on services are provisional and undergoes revision when the Balance of Payments (BoP) data are released on a quarterly basis.