EXPORT & IMPORT

OF
SERVICES IN INDIA

Prepared by :- GROUP 10
TWINKLE GUPTA
VIJAY PARDESHI
VIKAS KUMAR MISHRA
VISHAL CHAUDHARI
VIVEK NISHAD
YASH SHINDE
MONTHLY TRADE IN SERVICES (US$ MILLION) FY 2018-19 & 2019-20
Exports Exports % Imports Imports %
Month
(2020) (2019) Change (2020) (2019) Change
April 18,062 17,563 2.84% 11,402 10,915 4.46%
May 18,679 16,173 15.4% 12,492 10,208 22.37%
June 18,552 16872 9.95% 11,758 10,299 14.16%
Total 55,293 50,608 9.25% 35,652 31,422 13.46%
Source: Monthly Data on India Trade in Services (RBI)
EXPORT OF SERVICES between APRIL – AUGUST 2018 & 2019

TABLE : INTERNATIONAL TRADE IN SERVICES

(US$ MILLION)

MONTH 2019-20 2018-19

APRIL 18,062 17,563

MAY 18,679 16,173

JUNE 18552 16,872

JULY 19084 17,553

AUGUST 18,244 16,526

EXPORT
20000
19000
19084
18000 18,679 18552
18,062 18,244
17000 17,563 17,553
16000 16,872
16,526
16,173
15000
14000
APRIL MAY JUNE JULY AUGUST
2019-20 2018-19

DATA SOURCE :- RBI ( RESERVE BANK OF INDIA )

Import OF SERVICES between APRIL – AUGUST 2018 & 2019

TABLE : INTERNATIONAL TRADE IN SERVICES

(US$ MILLION)

MONTH 2019-20 2018-19

APRIL 11,402 10,915

MAY 12,492 10,208

JUNE 11,758 10,299

JULY 12,829 10,850

AUGUST 12,006 10,354

IMPORT
14000
12000 12829
12,492 12,006
10000 11,402 11,758
10,915 10,208 10,299 10,850 10,354
8000
6000
4000
2000
0
APRIL MAY JUNE JULY AUGUST
2019-20 2018-19

DATA SOURCE :- RBI ( RESERVE BANK OF INDIA )

Balance of trade in SERVICES between APRIL – AUGUST 2018 & 2019

TABLE : INTERNATIONAL TRADE IN SERVICES

(US$ MILLION)

MONTH EXPORT IMPORT TRADE BALANCE

APRIL 18,062 11,402 6,660

MAY 18,679 12,492 6,187
JUNE 18552 11,758 6,794
JULY 19084 12,829 6,255
AUGUST 18,244 12,006 6,238

BALANCE OF PAYMENT
25,000

20,000

15,000

10,000

5,000

0
APRIL MAY JUNE JULY AUGUST

EXPORT IMPORT TRADE BALANCE

DATA SOURCE :- RBI ( RESERVE BANK OF INDIA )

Balance of Trade & payment in SERVICES between APRIL – AUGUST 2018 & 2019
 India’s export of services has shown an increasing trend from April , except for a small dip in June and
august whereas imports have also shown an increase from US$ 11,402 million in April to US$ 12,006 million
in august with a trade surplus in the above period. The trade surplus has shown fluctuations in the past five
months.

 India’s services exports are majorly destined to USA, UK and Japan.

 India's service sector is in surplus from April 2019 continuously.

 Real gross value added (GVA) is expected to grow by 6.7 per cent in 2019-20 and to rise by 7.1 per cent in
2020-21, supported by upticks in industrial and services sector activity.

 Hence, India is one of the fastest growing economies in trade of services in the world with major
contributing sectors being telecommunications, computer, and information services, commercial services
and travel.
YEAR WISE SERVICES TRADE DATA FINANCIAL YEAR 2016-17 – 2018-2019

2017-18 2018-19
2016-17
Services Export Import Net Export Import Net Export Import Net

Telecommunications, Computer, and

77044 4839 72205 79840 6499 73341 86344 7409 78935
Information services

Business services 32946 32317 629 37346 36630 716 39112 40413 -1301
Travel 23244 16451 6793 28355 19516 8839 28441 21704 6737
Transport 15851 14132 1719 17441 17608 -167 19464 20529 -1065
Financial Services 5099 5852 -753 5164 5537 -373 4858 3486 1372

Other Services not included elsewhere 2818 10976 -8158 18807 17904 903 20128 15246 4882
Insurance 2206 1496 -710 2506 1700 806 2661 1790 871
Construction 2144 881 1263 2256 1565 691 3388 2527 861

Personal, cultural, and recreational services 1392 2197 -805 1618 2307 -689 1853 2571 -719

Government Not Included Elsewhere 588 600 -12 664 794 -130 610 1114 -504
Charges for the use of intellectual property
568 5720 -5152 732 6877 -6145 692 8028 -7335
n.i.e.
Maintenance and repair services n.i.e. 182 354 -172 211 547 -336 189 1201 -1012
Manufacturing services on physical inputs
115 38 77 147 44 103 260 42 219
owned by others

Total 164,197 95,852 68,345 195089 117,527 77,562 208,000 126,060 81,941

DATA SOURCE :- RBI ( RESERVE BANK OF INDIA )

GOVERNING BODIES

Ministry of Commerce &

Industry

Directorate General
of Foreign Trade

Central Board of
Excises Customs
THANK YOU