Question

current
(b) Critically explain India's
balance of payments scenario.​

Answer 1

Answer:

Balance of payment is a systematic record of all economic transactions in a period between one country and rest of the world. It also shows the relationship between one country's total payment to all other countries and its total receipts from them.

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Answer 2

Answer:

Balance of payment is a systematic record of all economic transactions in a period between one country and rest of the world. It also shows the relationship between one country's total payment to all other countries and its total receipts from them.

Explanation:

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