Services exports in April up 22%

Services exports in April up 22%

 India’s services exports in April 2013 stood at $12.84 billion, up 22.5 per cent over $10.48 billion reported in corresponding period of last fiscal, according to RBI data.

According to the data, during 2012-13 fiscal the services receipt amounted to $133.43 billion while imports of services were valued at $80.49 billion during 2012-13 (April-March).Import of services (payments) in April 2013 stood at $7.38 billion versus $6.51 billion a year earlier.The services sector contributes about 55 per cent to the country’s Gross Domestic Product. And it has emerged as a prominent sector in terms of its contribution to national and states’ incomes, trade flows, FDI inflows and employment.

DH Newsletter Privacy Policy Get top news in your inbox daily
GET IT