STOCK MARKET BSE NSE

India's services exports receipt in May rises 15.5 per cent to USD 18.68 billion: RBI

In May 2018, the receipts from services exports by India had stood at USD 16.17 billion.

Published: 15th July 2019 08:41 PM  |   Last Updated: 15th July 2019 08:41 PM   |  A+A-

RBI

RBI (File Photo | PTI)

By PTI

MUMBAI: India's receipts from exports of services rose 15.5 per cent to USD 18.68 billion in May this year, data from the Reserve Bank of India showed on Monday.

In May 2018, the receipts from services exports by India had stood at USD 16.17 billion. Compared sequentially, the services exports during the month were up by 3.4 per cent from USD 18.06 billion in April 2019.

The outgo towards payment of services (imports) rose by 22.4 per cent to USD 12.49 billion in May this year, as against a year ago's USD 10.21 billion. On a month-on-month basis, the services imports in May rose by 9.6 per cent from USD 11.4 billion in April 2019, as per the RBI monthly data on 'India's International Trade in Services'.

Stay up to date on all the latest Business news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp