India's services exports in May rose 8.8 per cent to $13.9 billion, data from the Reserve Bank of India showed.

Import of services during the month, however, rose 15 per cent to $8.03 billion, as per the RBI data on international trade in services.

Cumulative receipts, or exports, in services during April-May stood at $27.5 billion, while cumulative payments (imports) were at $16.09 billion.

Services exports in 2013-14 stood at 167.01 billion, while imports were at $88.19 billion.

The services sector contributes about 55 per cent to the country's gross domestic product.

The apex bank releases provisional aggregate monthly data on India's international trade in services with a lag of 45 days.

Source:- profit.ndtv.com