New Delhi, Nov 18
India's services exports ($38.5 billion) outpaced goods exports ($34.4 billion) by 11 per cent in October, bouncing back after a few months of weakness, a report said on Tuesday.
The export of the service sector gained an average of $37.5 billion in the September-October period against $33 billion in the first eight months of the year. At the same time, services trade surplus was at an all-time high of $20 billion during the month, HSBC Global Investment Research said in its report.
As expected, gold imports surged 58 per cent year-on-year (YoY) during the month under review. In the Diwali month, the gold import bill rose to $14.7 billion, jumped over 5 billion from the previous month.