Question
According to the data released by the Reserve Bank of
India (RBI), India’s services trade surplus fell to _______ in the April-June quarter of 2023-24, the lowest in three quarters, as services export growth slowed down amid the economic downturn in developed economies.Solution
According to the data released by the Reserve Bank of India (RBI), India’s services trade surplus fell to $36.4 billion in the April-June quarter of 2023-24, the lowest in three quarters, as services export growth slowed down amid the economic downturn in developed economies. India’s services exports grew by 6.6 per cent to $80.8 billion, while services imports contracted 1.4 per cent to $44.4 billion during the same period.
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