Mumbai: India's services exports in the first month of 2014-15 stood at USD 13.63 billion, marginally lower than USD 14.32 billion in March 2014, as per the RBI data.

The Reserve Bank's data on International Trade in Services showed that services import in April 2014 stood at USD 8.06 billion, also lower than previous month. It was at USD 8.49 billion in March.

India's services export in previous fiscal stood at 167.01 billion while services imports in FY'14 were at USD 88.19 billion.

The services sector contributes about 60 per cent to country's gross domestic product. The RBI releases the provisional aggregate monthly data on India's international trade in services with a lag of 45 days.

Monthly data on services are provisional and undergoes revision when the Balance of Payments (BoP) data are released on a quarterly basis.(PTI)