This comes as welcome news as data released by the Commerce and Industry Ministry last month based on an estimate had pegged services exports at $26.39 billion in August, which was a marginal decline from the corresponding figure of $26.5 billion for August 2022.
The provisional figure for imports had been put at $13.86 billion.
However, the Commerce Ministry said, “The data for August 2023 is an estimation, which will be revised based on RBI’s subsequent release.”
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