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India's Services Exports Fall 1.4% to $17.3 Billion in September: RBI Data

File photo of the Reserve Bank of India logo.

File photo of the Reserve Bank of India logo.

Services imports (or payments) also dropped 8.7 per cent to $10.14 billion as against $11.10 billion in the year-ago month, revealed data,

India's services exports in September fell 1.4 per cent to $17.29 billion, data from the Reserve Bank of India (RBI) showed on Friday. The services exports (receipts) in September 2019 stood at $17.54 billion.

Services imports (or payments) also dropped 8.7 per cent to $10.14 billion as against $11.10 billion in the year-ago month, according to the RBI data on international trade in services. Cumulatively, the services exports stood at $100.97 billion during April-September 2020 and the imports were $58.98 billion.

The RBI releases monthly data on India's international trade in services with a lag of around 45 days. The data on services are provisional and would undergo revision when the balance of payments (BoP) data are released on a quarterly basis, the central bank said.


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