Services exports down 5.6% in Sept; imports fall 0.8%
Imports of services also fell marginally by 0.8 per cent in September to $6.80 billion, compared to $6.86 billion in August.
By PTI | Updated:
MUMBAI: India's services exports fell by 5.6 per cent year-on-year to $11.22 billion in September, according to the Reserve Bank of India.
The country's total receipts from services exported stood at USD 11.89 billion in August, RBI data said.
Imports of services also fell marginally by 0.8 per cent in September to USD 6.80 billion, compared to USD 6.86 billion in August. Overall, the services sector contributes over 50 per cent of India's GDP.
During the April-September period this fiscal, the country's cumulative exports of services amounted to USD 67.87 billion.
Imports, meanwhile, stood at USD 40.73 billion during the first six months of 2011-12.
The RBI has since this financial year started releasing provisional aggregate monthly data on India's international trade in services, with a lag of 45 days.
For the first time, the data for April this year was released on June 15.
This provisional data will undergo a revision once the Balance of Payments (BoP) data is compiled on a quarterly basis, which will be released with a lag of a quarter, the apex bank said.
The country's total receipts from services exported stood at USD 11.89 billion in August, RBI data said.
Imports of services also fell marginally by 0.8 per cent in September to USD 6.80 billion, compared to USD 6.86 billion in August. Overall, the services sector contributes over 50 per cent of India's GDP.
During the April-September period this fiscal, the country's cumulative exports of services amounted to USD 67.87 billion.
Imports, meanwhile, stood at USD 40.73 billion during the first six months of 2011-12.
The RBI has since this financial year started releasing provisional aggregate monthly data on India's international trade in services, with a lag of 45 days.
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For the first time, the data for April this year was released on June 15.
This provisional data will undergo a revision once the Balance of Payments (BoP) data is compiled on a quarterly basis, which will be released with a lag of a quarter, the apex bank said.
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