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Monthly Data on India’s International Trade in Services for the Month of February 2023

The value of exports and imports of services during February 2023 is given in the following table.

International Trade in Services
(US$ Million)
Month Receipts (Exports) Payments (Imports)
October – 2022 25,346
(24.4)
13,516
(16.1)
November – 2022 26,986
(30.6)
15,392
(21.9)
December – 2022 31,090
(19.7)
15,794
(5.7)
January – 2023 28,036
(29.6)
14,226
(7.5)
February – 2023 27,431
(28.8)
14,368
(10.8)
Notes: (i) Data for January-February are provisional, while those for October-December are revised on pro-rata basis using balance of payments data of Q3:2022-23 released on March 31, 2023; and
(ii) Figures in brackets are growth rates over the corresponding month of the previous year which have been revised on the basis of balance of payments statistics.

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/7

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