Services exports marginally up at $13.38 bn in July

New Delhi: Services exports grew marginally to USD 13.38 billion in July this year compared with USD 13.34 billion in the corresponding period last year.

The value of services imports also increased to USD 7.50 billion in July from USD 6.82 billion in the same month last year, according to the RBI data released today.

The services sector contributes over 60 percent to the country's gross domestic product.

RBI releases the provisional aggregate monthly data on India's international trade in services with a lag of 45 days.

Services export in 2014-15 stood at USD 167.01 billion, down 4 percent over the year-ago period while imports were at USD 88.19 billion, up 3.8 percent over 2013-14 fiscal.

Monthly data on services are provisional and undergoes revision when the Balance of Payments (BoP) data are released on a quarterly basis.