Services exports rise 20.2% to $23.26 billion in July

Date:

India’s services exports increased by 20.2 per cent year-on-year to $23.26 billion in July, according to Reserve Bank data.

The July exports were, however, lower than $25.29 billion in June this fiscal. As per the monthly data on India’s international trade in services for July 2022, the imports rose 22.3 per cent to $13.92 billion in July. In June, the imports stood at $15.76 billion.

The exports during April-July 2022-23 stood at $94.75 billion, and the imports totalled $58.94 billion during the period. Monthly data on services are provisional and are likely to undergo revision when the Balance of Payments (BoP) data are released on a quarterly basis, the RBI said.

━ related

Government Establishes the Accelerated Corporate Exit Processing Centre to Streamline Business Dissolution Procedures

Aiming to simplify and expedite the process of corporate dissolution, the government introduces the Accelerated Corporate Exit Processing Centre. Learn about the significance of this initiative and how it will benefit businesses and the overall economy.

Kiren Rijiju Steps Down as Union Law Minister, Marking the End of an Era

In a surprising development, Kiren Rijiju has announced his resignation as the Union Law Minister, bringing an end to his impactful tenure. Explore the achievements and highlights of Rijiju's time in office and the potential implications of his departure.

Hinduja Group Chairman SP Hinduja Passes Away, Leaving Behind a Legacy of Business Excellence

The business world mourns the loss of SP Hinduja, the Chairman of the Hinduja Group, who has passed away. Explore the remarkable life and contributions of this visionary leader and the lasting impact he leaves behind.

Nepali Climber Sets New Record with 27th Ascent of Mount Everest

A remarkable achievement in mountaineering history as a Nepali climber conquers Mount Everest for the 27th time, establishing a new record. Learn more about this extraordinary feat and the perseverance of this seasoned mountaineer.

Global Accessibility Awareness Day 2023: Promoting Inclusion and Digital Accessibility

Global Accessibility Awareness Day (GAAD) 2023 marks a significant milestone in raising awareness about the importance of accessibility and inclusion in the digital world. Discover how this global event is making a positive impact on people's lives and promoting a more inclusive society.