Balance of Payments

Question

Balance of Payments

13 Sep 2024

Answer :

Word Count : 291

Balance of Payments (BoP) in India:

India's Balance of Payments (BoP) is a critical economic indicator reflecting the country's financial transactions with the rest of the world. It consists of the Current Account and the Capital Account.

1. Current Account:
- Trade Balance: The trade balance, which includes exports and imports of goods, often shows a deficit due to higher imports than exports. India's major exports include textiles, chemicals, and ____ ________ _______ ______ _______ ______ _________ _____ _______ _____ _____ _________.
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