India's services trade surplus bounced back in the September quarter of 2023-24 (FY24), growing 26.6 per cent after falling to a threequarter low in June, data released by the Reserve Bank of India (RBI) showed.
In the September quarter, services exports hit $83.4 billion, while imports eased to $43.4 billion, leading to a services trade surplus of $40 billion. While services exports remained at the same level as a year ago, services imports were the lowest in six quarters.
In the first half (April-September) of FY24, services exports grew 5.1 per cent to $164 billion, while services imports contracted 1.9 per cent to $88.9 billion, leading to 14.7 per cent growth in services trade surplus of $75.1 billion.
この記事は Business Standard の November 02, 2023 版に掲載されています。
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