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India’s services exports in April 2013 stood at $12.84 billion, up 22.5 per cent over $10.48 billion reported in the corresponding period last fiscal, according to data released by the Reserve Bank of India.
During 2012-13 fiscal, services exportsamounted to $133.43 billion, while import of services stood at $80.49 billion.
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’ income, trade flows, FDI inflows and employment.
RBI releases the provisional aggregate monthly data on the country’s international trade in services with a lag of 45 days.
The monthly data on services is provisional and generally undergoes revision when the Balance of Payments (BoP) data is released on a quarterly basis.
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