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Services Export Falls 4 Percent at USD 12 Billion in November

Published: 15th January 2016 11:59 PM  |   Last Updated: 15th January 2016 11:59 PM   |  A+A-

By PTI

MUMBAI: Services exports fell by 3.8 per cent year-on-year to USD 12.01 billion in November 2015, the RBI data showed today.

Import of services too fell by 7.6 per cent to USD 5.69  billion in the month last year compared to November 2014, according to the RBI data on International Trade in Services.

In October 2015, services exports stood at USD 13.34 billion while imports were at USD 7.01 billion. 

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

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.

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