Industry

Services exports are doing better than goods exports

Mohsin Shaikh/Mint

Mohsin Shaikh/Mint

The table shows that growth in export of services has been uneven on a year-on-year basis. Nevertheless, growth has improved during the June-September quarter and was in positive territory. For September 2015, growth has been 3.1%, taking the provisional numbers. Even if we take the first six months of the fiscal year, we find that growth was only marginally negative. One reason for the relatively better performance of services exports is because they haven’t suffered the deflationary effects seen in commodities and crude oil.

 

[“source -livemint”]

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