A Huge export jump in July 2022. The Reserve Bank of India has published the press release and figured out the monthly Export Data
on India's international trade in services for July 2022.
According to the data, published by RBI India's services exports pushed up by 20.2 percent on an annual basis to $23.26 billion in July 2022.
The July number is more subordinate compared to that of June 2022. A month ago, services exports had come in at a higher $25.29 billion.
The data indicated that imports expand 22.3 percent to $13.92 billion in July. A month ago in June, imports had reached in at $15.76 billion.
During the April-July 2022-23 fiscal, the exports stood at $94.75 billion. For the same duration, the imports totalled $58.94 billion.
Monthly data on services are temporary. They are generally observed as a revision when the Balance of Payments (BoP) data are released every quarter.