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      India services export declines 1.7% in Oct 2016

      MoM Team / Mumbai, Dec 16, 2016 11:36 AM IST

        India services export declines 1.7% in Oct 2016

        As per the data released by the Reserve Bank of India, India's services exports declined 1.7 percent to $ 13.11 billion in October 2016 over October 2015.

        Meanwhile, India's services imports moved up 9.5 percent to $ 7.68 billion in October 2016. India's services trade surplus narrowed 14.2 percent to $ 5.43 billion in October 2016 from $ 6.33 billion in October 2015.

        India's services trade surplus fell 6.4 percent to $ 37.79 billion in April-October 2016 over a year ago, with 7.9 percent rise in services imports to $ 54.94 billion. India's services exports rose mere 1.6 percent to $ 92.73 billion in April-October 2016.


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      Source: Capital Market



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