Services exports up 7% to $14.1 bn in Feb 2015

Mumbai: India's services exports edged up by 7.1 percent to USD 14.1 billion in February 2015 over the same month a year ago.

Services exports during February 2014 stood at USD 13.16 billion, according to RBI data released today.

Import of services during the month increased by 23.64 percent to USD 7.9 billion as against USD 6.39 billion a year earlier.

Total services exports during April-February 2014-15 stood at USD 146.46 billion, while imports during the period were at USD 83.69 billion.

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

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