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Rediff News  All News  » Business » India's services exports stand at $12.88 billion

India's services exports stand at $12.88 billion

February 15, 2013 17:23 IST

India's flagIndia's services exports in December 2012 stood at $12.88 billion, up 7.1 per cent from a month ago, Reserve Bank of India data showed on Friday.

The total exports from services in November 2012 was at $12.03 billion, as per RBI data.

Imports of services also moved up to $6.76 billion in December from $6.62 billion in the previous month.

The services sector contributes about 55 per cent to the country's gross

domestic product.

During April-December period of financial year 2012-13, the cumulative services receipt or exports has amounted to USD 105 billion.

Services outgo or imports stood at $59.82 billion during the first nine months of the current financial year.

RBI releases the provisional aggregate monthly data on India's international trade in services with a lag of 45 days.

The monthly data on services are provisional and generally undergo revision when the Balance of Payments data are released on a quarterly basis.

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