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Service exports recovery likely by year-end: FICCI

India's exports of services, which declined in the first two quarters of 2009, will return to growth by the year-end, according to a report by the Federation of Indian Chambers of Commerce and Industry (FICCI).

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India's exports of services, which declined in the first two quarters of 2009, will return to growth by the year-end, according to a report by the Federation of Indian Chambers of Commerce and Industry (FICCI).

The overall services exports declined by seven percent during January-March this year and by three percent in the subsequent quarter as compared to a positive growth of 14 per cent and 22 per cent respectively in the first two quarters of 2008.

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