India’s April services imports fall 3.1% to $13.63 billion on year, RBI data shows

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

By
Swati Bhat
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A labourer sleeps on sacks as traffic moves past him in a wholesale market in the old quarters of Delhi | Reuters file photo
A labourer sleeps on sacks as traffic moves past him in a wholesale market in the old quarters of Delhi | Reuters file photo

Mumbai: 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)

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