India’s services exports jump 20.2% in July to $23.26 billion

INTERNATIONAL DESK: The Reserve Bank of India released the monthly data on India’s international trade in services for July 2022 today.

According to the data, India’s services exports went up by 20.2 per cent on an annual basis to $23.26 billion in July 2022.

The July number is lower compared to that in June 2022. A month ago, services exports had come in a higher $25.29 billion.

The data showed that imports increased 22.3 per cent to $13.92 billion in July. A month ago in June, imports had come in at $15.76 billion.

During April-July of 2022-23 fiscal, the exports stood at $94.75 billion. For the same period, the imports totalled $58.94 billion.

Monthly data on services are provisional. They usually see a revision when the Balance of Payments (BoP) data are released on a quarterly basis. (The Economic Times)