India's services exports in Dec at USD 12.88 billion: RBI

Feb 15 2013, 20:45 IST
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SummaryIndia's services exports in December 2012 jumped 7.1 per cent from a month ago, RBI said.

India's services exports in December 2012 stood at USD 12.88 billion, up 7.1 per cent from a month ago, Reserve Bank of India (RBI) data showed today.

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

Imports of services also moved up to USD 6.76 billion in December from USD 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 USD 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 (BoP) data are released on a quarterly basis.

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