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November Services Exports Up 1.2% at $12.47 Billion

Services exports edged up by 1.21 per cent to $12.47 billion in November compared to the same month last year.
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Mumbai: Services exports edged up by 1.21 per cent to $12.47 billion in November compared to the same month last year.

Services exports in November 2013 stood at $12.32 billion, showed Reserve Bank of India data released on Thursday.

Import of services during the month was almost flat at $6.16 billion, against $6.12 billion in the year-ago period.

Cumulative receipts (exports) in services during April-November stood at $103.76 billion, while  cumulative payments (imports) were at $55.13 billion.

Services export in 2013-14 stood at 167.01 billion while imports were at $88.19 billion.

The services sector contributes about 60 per cent to country's gross domestic product.



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