New Delhi, April 21 -- Indian data on the export of goods is reported more promptly than of services. This is because customs declaration and port formalities capture the data in real-time and a ready-to-use digital format. Data from GST payments on exports is also useful to triangulate and report quickly.

In comparison, service exports need reconciliation from the banking system and Reserve Bank of India (RBI) before the final numbers can be confirmed. Besides, the delivery of services takes place over a longer time, as contract periods can run into years. Merchandise exports are clocked the moment goods leave the shore. There could be complexities such as pending receivable payments or the return of rejected items due to quality issues...