close

Services exports in April rises by 7.5% on year to $25.84 billion

India's services exports in April rose 7.5% on year to $25.84 billion, while imports recorded a 3.1% decline to $13.63 billion, provisional data published by the Reserve Bank of India showed

Reuters MUMBAI
Photo: Bloomberg

(Photo: Bloomberg)

Listen to This Article

MUMBAI (Reuters) - India's services exports in April rose 7.5% on year to $25.84 billion, while imports recorded a 3.1% decline to $13.63 billion, provisional data published by the Reserve Bank of India showed on Thursday.

According to the government's first preliminary estimates released mid-May, April services exports stood at $30.36 billion, while services imports totalled $16.50 billion.

The numbers could be further updated when final figures are published by the central bank as part of the country's overall quarterly balance of payments data.

 

(Reporting by Swati Bhat; Editing by Sohini Goswami)

Also Read

Pak minister urges export-oriented policies to accelerate economic growth

Rajasthan is making efforts to achieve Rs 1 trn exports target: REPC chief

India should target $350 bn exports through e-commerce by 2030: GTRI

HDFC Bank ties up with Export Import Bank of Korea for $300 mn credit line

India will aim to achieve $100 bn export target for textiles by 2030: Goyal

Rajasthan govt plans to give a push to weekend getaways, religious tourism

Russian crude oil imports by China, India hit all-time high in May

OPEC+ unlikely to extend oil supply cuts at upcoming June 4 meeting

India, European Union may hammer out an 'agreeable' solution on ICT levy

Wheat procurement breaches 26 MMT mark; surpasses last year's by 7.4 MMT

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Jun 01 2023 | 7:15 PM IST

Explore News