 "India's services exports in Dec at $12.88 bn: RBI")
Mumbai: India’s services exports in December 2012 stood at $12.88 billion, up 7.1 percent from a month ago, Reserve Bank data showed today.
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 percent 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 $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 (BoP) data are released on a quarterly basis.
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