India's services exports flat at $13.46 billion in May, imports up 4%

 India's services exports in May this year remained nearly flat at US$ 13.46 billion compared to the same month of last year, data from Reserve Bank showed today.

The services exports, or receipts from such services, were of the order of US$ 13.43 billion in May 2016. However, services imports by India rose by 4 per cent to US$ 7.92 billion during the month under review from US$ 7.62 billion a year ago. During the first two months (April-May) of the current fiscal, the total receipts from services exports stood at US$ 26.37 billion. It was only slightly up from US$ 26.33 billion in the corresponding year-ago period. On the other hand, payments towards services imports during April-May of 2017-18 was at US$ 15.11 billion against US$ 14.41 billion from a year ago.
The RBI data is complied from India's International Trade in Services.

The central bank publishes the data with a lag of 45 days which is provisional in nature and undergoes revision when the Balance of Payments (BoP) data are released on a quarterly basis.