July 4, 2023
In terms of value, service exports reached US$ 27.06 billion
In mid-June, the government's initial preliminary estimates indicated that services exports amounted to US$ 25.3 billion
Services imports were reported at US$ 13.53 billion for mid-June
The figures provided by the Reserve Bank of India (RBI) are provisional and subject to further updates
India’s services exports in May FY24 recorded a year-on-year growth of 7.7%, reaching US$ 27.06 billion, according to provisional data released by the Reserve Bank of India on Monday. During the same period, services imports increased by 2% to US$ 15.5 billion.
In mid-June, the government’s initial preliminary estimates indicated that services exports amounted to US$ 25.3 billion, while services imports were reported at US$ 13.53 billion.
It’s important to note that the figures provided by the RBI are provisional and subject to further updates. The final numbers are typically published quarterly as part of India’s comprehensive balance-of-payments data.
Source: Economic Times