The recently released data on India’s services exports reveal that India’s services exports rose by 9.5 percent to USD 12.28 billion. The data on India’s services trade is released by __?
[A]Central Statistical Office (CSO)
[B]Reserve Bank of India (RBI)
[C]Ministry of Commerce & Industry
[D]Ministry of Statistics and Programme Implementation
Reserve Bank of India (RBI)
RBI releases the provisional aggregate monthly data on India’s international trade in services with a lag of 45 days. Also note that the services sector contributes more than 50 percent to the country’s gross domestic product.