Question

What are the policies related to balance of payment in india?

Answer 1

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These are the credit items for India as the latter receives payments.The visible items are export-import of goods and the invisible items of balance of payments on current account are travel, transportation and insurance, interest on loans given and other investment income on private and official transfers.

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Answer 2

Explanation:

Trade in goods and services typically forms the largest part of an economy's current account. ... With the exception of 1997, the UK has recorded a trade deficit in goods and services in every year since 1987.The UK's current account deficit reached a peak of £84.9 bn in 2014.