Question

What do you mean by balance trade taking into account india's trade

Answer 1

The balance of trade is sometimes divided into a goods and a services balance. India's Trade Deficit over some years is as follows: ... The control on import on the one hand and promote export on another hand is what Government of India taking some measures to control Balance of trade.

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Answer 2

Answer:

Balance trade is the difference between export and import of a country .

Also, it is considered as a part of the current account. It is usually a difference between the country’s exports and imports of goods for a given period of time.

Based on the definition of BOT, the total value of exports – the total value of imports = Balance of trade. It is considered as the largest component of the country’s BOP. Also, this helps in determining the relative strength of the country’s economy.