CHAPTER 13

International Balance of Payments

LEARNING OBJECTIVES

After reading this chapter, you should be able to:

  • Discuss the fundamentals of the balance of payments of a country
  • Understand the different components of the balance of payments account
  • Explain the concept of equilibrium and disequilibrium in a country’s balance of payments account
  • Understand the significance of the official reserves account in balance of payments accounting
  • Be conversant with trends in India’s balance of payments account over the years

CUSTOMS DUTY TO CURTAIL BALANCE OF PAYMENTS DIFFICULTIES

India saw fresh problems in its external sector on account of a widening current account deficit to 2.4 per cent of the GDP in the first quarter of 2018–19. This ...

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