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India's services exports at $13.16bn in Feb: RBI

Imports of services also declined to $6.39 billion during February from $7.27 billion in the previous month

April 16, 2014 9:55 IST | India Infoline News Service
India's services exports stood at $13.16 billion in February compared to $13.93 billion in January, according to the Reserve Bank of India (RBI) data.

Imports of services also declined to $6.39 billion during February from $7.27 billion in the previous month, the RBI added.

The services sector contributes about 55% to India's gross domestic product.

Services exports were worth $152.69 billion during April-February period.

Total services imports stood at $79.7 billion during the first 11 months of 2013-14 financial year.

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 would undergo revision when the Balance of Payments (BoP) data are released on a quarterly basis.

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