TMI BlogIndia’s Services exports set a new record of USD 254.4 Billion in FY 2021-2022, beats previous high of USD 213.2 Billion in 2019-20X X X X Extracts X X X X X X X X Extracts X X X X ..... India’s Services exports set a new record of USD 254.4 Billion in FY 2021-2022, beats previous high of USD 213.2 Billion in 2019-20 - News and Press Release Dated:- 4-5-2022 - News - India s Services exports set a new record of USD 254.4 Billion in FY 2021-2022, beats previous high of USD 213.2 Billion in 2019-20 Services exports hit an all-time monthly high of USD 26.9 Billion in March 2022 Telecommunications, computer, and information services, other business services and Transport top contributors in Services exports India s overall exports (i.e. Services and Merchandise) touched USD 676.2 Billion in FY 2021-2022 as both Services and Merchandise hit record high exports India s Services exports set a new record of USD 254. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4 Billion in the financial year 2021-2022. The new record achieved in 2021-22 beats the previous high of USD 213.2 Billion in 2019-20. Also, Services exports hit an all-time monthly high of USD 26.9 Billion in March 2022. Telecommunications, computer, and information services, other business services and Transport are the top contributors in Services exports during April-December 2021 (latest available). Component-wise Services trade is given in table below. India s overall exports (i.e. Services and Merchandise) touched USD 676.2 Billion in financial year 2021-2022 as both Services and Merchandise hit record high exports in financial year 2021-2022. India s overall exports were USD 526.6 Billion and USD 497.9 Billion in 2019-20 and 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 020-21 respectively. India s Merchandise exports had crossed USD 400 Billion milestone in Financial Year 2021-2022 and stood at USD 421.8 Billion which is a phenomenal increase of 44.6 percent and 34.6 percent over 2020-21 and 2019-20 respectively. Component-wise services trade during April-December 2021 Values in USD Million (Data is Provisional) Component Apr-Dec 2021 P Credit Debit Net Manufacturing services on physical inputs owned by others 287 42 245 Goods for processing in reporting economy 287 42 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 245 Goods for processing abroad Maintenance and repair services n.i.e. 199 939 -741 Transport 23264 24834 -1571 Sea transport 15828 18008 -2180 Passenger 121 687 -566 Freight 10756 15124 -4368 Other 4951 2197 2754 Air tr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ansport 5761 6002 -240 Passenger 280 2220 -1940 Freight 4251 3526 726 Other 1230 256 974 Other modes of transport 1624 469 1155 Passenger 3 1 2 Freight 1621 467 1153 Other 0 0 0 Postal and courier services ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 51 356 -305 Sea transport 3 3 0 Air transport 32 315 -282 Other modes of transport 15 38 -23 Passenger 404 2908 -2505 Freight 16628 19117 -2489 Others 6181 2453 3728 Travel 6488 11139 -4651 Busine ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ss 417 3668 -3250 Personal 6071 7471 -1400 Health-related 92 17 75 Education-related 87 2532 -2445 Other 5892 4922 970 Construction 2049 2200 -150 Construction abroad 820 1812 -992 Construction in the reporting economy 1229 387 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 841 Insurance and pension services 2412 1648 764 Direct insurance 1624 27 1598 Reinsurance 725 1601 -876 Auxiliary insurance services 40 13 27 Pension and standardized guarantee services 23 7 17 Financial services 3858 4116 -258 Explicitly charged and other financial services ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3570 2230 1340 Financial intermediation services indirectly measured 288 1886 -1598 Charges for the use of intellectual property n.i.e. 632 6525 -5893 Telecommunications, computer, and information services 91950 10480 81470 Telecommunications services 2374 861 1513 Computer services 89307 9034 80274 Information services ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 269 586 -316 Other business services 42131 37814 4318 Research and development services 4296 463 3834 Professional and management consulting services 25958 8431 17527 Technical, trade-related, and other business services 11877 28920 -17043 Personal, cultural, and recreational services 2194 3252 -1058 Audiovisual and related services ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 800 705 95 Other personal, cultural, and recreational services 1395 2547 -1153 Government goods and services n.i.e. 643 697 -55 Others n.i.e. 8546 1765 6782 Services 184653 105450 79203 - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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