India May services exports rise 7.7% to $27.06bn: RBI

BENGALURU: India’s services exports in May climbed 7.7% on year to $27.06 billion, while imports rose 2% to $15.5 billion, provisional data by the Reserve Bank of India showed on Monday.

The government’s first preliminary estimates released mid-June had shown services exports stood at $25.3 billion, while services imports was at $13.53 billion.

India’s factory growth softened slightly in June but stayed strong

The RBI’s numbers are provisional but further updated and final figures are usually published quarterly as part of the country’s overall balance-of-payments data.