April 2015
Beginner
312 pages
12h 12m
English
Content preview from International Business, 2nd Edition
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11
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
INDIA’S BALANCE OF PAYMENTS CRISIS
The Indian economy faced a balance of payments crisis in July 2013 as its foreign exchange reserves touched a low of USD 280 billion—enough to cover only seven months of imports. India has traditionally ...
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