In March 2024, India's services exports dipped by 1.3% to $30 billion, while imports decreased by 2.1% to $16.61 billion, according to Reserve Bank data. The trade surplus for the month stood at $13.4 billion. Although both exports and imports of services had shown growth in the preceding two months, the trend reversed in March. The commerce ministry estimates services exports for fiscal 2023-24 at $339.62 billion and imports at $177.56 billion, resulting in a trade surplus of $162 billion for the year.