Country’s services exports edged up by 7.1 per cent to $14.1 billion in February 2015 over the same month a year ago. Services exports during February 2014 stood at $ 13.16 billion, according to RBI data released on Wednesday. Import of services during the month increased by 23.64 per cent to$ 7.9 billion as against $ 6.39 billion a year earlier.
Total services exports during April-February in the year of 2014-15 stood at $146.46 billion, while the country’s imports during the period were at $83.69 billion, said the RBI statement. Services export in FY 2013-14 stood at 167.01 billion and imports were at $88.19 billion, the Central Bank informed. “It is estimated that the services sector contributes about 60 per cent to country's gross domestic product,” the statement said.