Informist, Thursday, Oct. 31, 2024

--RBI: India Sept services exports $32.58 bln vs $30.34 bln Aug

--RBI: India Sept services exports $32.58 bln, up 14.6% on year

--RBI: India Sept services imports $16.51 bln vs $16.42 bln Aug

--RBI: India Sept services imports $16.51 bln, up 13.2% on year

--RBI:India Jul-Sept services trade surplus $44.67 bln vs $39.73 bln Apr-Jun

NEW DELHI - India's services exports rose 14.6% on year to $32.58 billion in September, according to data released by the Reserve Bank of India on Thursday. Imports, meanwhile, increased 13.2% to $16.51 billion, resulting in a services trade surplus of $16.07 billion.

In August, services exports and imports amounted to $30.34 billion and $16.42 billion, respectively.

For the September quarter as a whole, the data showed that the services trade surplus stood at $44.67 billion, up 12?ch from $39.73 billion in Apr-Jun and $39.94 billion in the second quarter of 2023-24 (Apr-Mar). Taking into account goods trade data, India's total trade deficit in Jul-Sept was $29.36 billion, as per provisional numbers released so far. The combined trade deficit was $25.40 billion in Apr-Jun and $24.60 billion in Jul-Sept 2023.

The RBI will release Balance of Payments data for Jul-Sept by Dec. 31. End

US$1 = INR 84.08

Reported by Siddharth Upasani

Edited by Akul Nishant Akhoury

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