NEW DELHI: India’s international trade in services remained almost flat from a year ago in December 2015 with exports of $14.04 billion (Rs 95,682.6 crore) and imports of $7.19 billion (Rs 48,999.85 crore), says the Reserve Bank of India (RBI) data.
The services exports (or receipts) were at $14.30 billion (nearly Rs 97,454.5 crore) in December 2014 and the services imports (or receipts) were at $7.24 billion (nearly Rs 49,340.6 crore) during the month.
Despite the trade in services remaining flat in December 2015 from a year earlier, the exports and imports in terms of value were the highest from any other months of the current fiscal.
In cumulative terms, the services exports were at $117.34 billion (nearly Rs 79,96,72.1 crore) during April-December period of 2015-16 so far. The services imports were at $63.78 billion (nearly Rs 43,46,60.7 crore) during the nine months ended December of this fiscal. Services contribute about 55-60% to India’s gross domestic product (GDP) and it receives high foreign inflows in this sector.
