Service exports rise 11% to $14.3 bn in December 2014

MUMBAI: India's service exports rose 11 per cent to $14.3 billion in December 2014 over the same month a year ago.

Service exports during December 2013 stood at $12.87 billion, according to RBI data released today.

Import of services during the month increased by 7.7 per cent to $7.24 billion as against $6.73 billion a year earlier.

Total service exports during April-December 2014 stood at $118.06 billion, while imports during the period were at $68 billion.

Services export in FY 2013-14 stood at 167.01 billion and imports were at $88.19 billion.

The services sector contributes about 60 per cent to country's gross domestic product.