Services Exports Jump 13.4% in July

India's Services Exports Rise 13.4% to $38.25 Billion in July

India's services exports recorded strong growth in July, increasing 13.4% year-on-year to $38.25 billion, according to the latest Reserve Bank of India data. Services imports also increased during the month, reaching $20.61 billion.

The performance highlights the continued importance of India's IT, professional and business-services sectors to the country's external earnings. Strong services exports also provide an important source of foreign exchange at a time when global trade conditions remain uncertain.

For Indian technology companies and service providers, the latest numbers offer encouraging signs that overseas demand remains resilient.

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