Services export up at $12.89 bn in March

Export of services during first 3 months of 2012 works out to be USD 35.14 billion.

India’s services exports increased to USD 12.89 billion in March this year compared with USD

11.23 billion in the previous month.

The services sector,according to the Reserve Bank data released today,has been doing well since January when its exports stood at USD 11.03 billion.

The total export of services during first three months of 2012 (January-March) works out to be USD 35.14 billion.

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The data further reveals that import of services during March 2012 was USD 9.08 billion,up from USD 6.75 billion in the previous month.

The import of services during the three-month period was USD 23.16 billion.

The export of services during April-December,2011-12,stood at USD 102 billion as compared to USD 96.4 billion during the corresponding period of the previous fiscal.

The import of services,however,came down to USD 58 billion in April-December of 2011-12 from USD 62.3 billion during the nine-month period of the previous fiscal.

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