Services exports rise 20.2% to $23.26 bn in July, shows RBI data
- IBEF
- September 2, 2022
According to Reserve Bank data, India's service exports climbed by 20.2% year-on-year to US$ 23.26 billion in July. According to monthly data on India's international trade in services for July 2022, imports increased 22.3% to US$ 13.92 billion. Imports totalled US$ 15.76 billion in June.
During the period April-July 2022-23, exports totalled US$ 94.75 billion, while imports totalled US$ 58.94 billion. The monthly numbers on services are provisional and are likely to be revised when the quarterly Balance of Payments (BoP) data are announced, according to the RBI.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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