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This is an archive article published on June 16, 2013

Services exports in April up 22 at 12.84 bn

According to the data,during 2012-13 fiscal the services receipt amounted to 133.43 bn.

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India8217;s services exports in April 2013 stood at USD 12.84 billion,up 22.5 per cent over 10.48 billion reported in corresponding period of last fiscal,according to data released by Reserve Bank of India.

According to the data,during 2012-13 fiscal the services receipt amounted to USD 133.43 billion while imports of services were valued at USD 80.49 billion during 2012-13 April-March.

Import of services payments in April 2013 stood at USD 7.38 billion versus USD 6.51 billion a year earlier.

The services sector contributes about 55 per cent to the country8217;s Gross Domestic Product. And it has emerged as a prominent sector in terms of its contribution to national and states8217; incomes,trade flows,FDI inflows and employment.

RBI releases the provisional aggregate monthly data on the country8217;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 is released on a quarterly basis.

 

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