Services exports down 6.8% to $12.9 bn in June

Written by Press Trust of India | Mumbai | Updated: Aug 16 2014, 07:57am hrs
Services exports fell by 6.8% to $12.97 billion in June as compared to the same month last year.

Import of services during the month also fell by 10.4% to $7.19 billion, according to 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% to the gross domestic product.