India`s services exports fall 2.7% in September: RBI data
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The Reserve Bank of India (RBI) in its latest monthly data report on ‘India’s International Trade in Services for the Month of September 2023’ has showed that India's services exports declined by 2.7 per cent year-on-year to $ 28,429 million in September 2023.
As per the RBI data report, services exports witnessed growth of 8.1 per cent and 8.4 per cent in July 2023 and August 2023, respectively. In July 2023 and August 2023, the value of services exports stood at $26,228 million and $28,719 million, respectively.
The report further showed that imports of services dipped at a sharper pace of 10.3 per cent year on year to $14,589 million in September 2023. Services imports witnessed decline of 2.2 per cent and 0.8 per cent in July 2023 and August 2023, respectively. In July 2023 and August 2023, the value of services imports stood at $13,754 million and $15,103 million, respectively.
