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India's export in services fell by USD 451 million in June

Updated: Aug 19, 2013 04:21:48pm
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Mumbai, Aug 19 (KNN) India’s export and import of services fell by USD 451 million and USD 764 million respectively in June, according to the data released by the Reserve Bank of India (RBI) today.

The country’s export of services has declined to USD 12,348 million in June from USD 12,799 million in May 2013, an official statement said.

According to the data released by RBI, the imports of services have also fallen down to USD 6,219 million in June from USD 6,983 million in the previous month.

Services accounts for 60 per cent of India’s Gross Domestic Product.

As far as the exports are concerned, it is the IT and ITES services which earn the country a precious foreign exchange. (KNN/SD)

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