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03Sep 2025
Balance of Payments UPSC: Accounts & Structure
Learn the components of Balance of Payments—current, capital, and reserve accounts—essential for UPSC GS Paper-III Economics
Read More07Jul 2024
INDIA’S BALANCE OF PAYMENTS: UNDERSTANDING THE DYNAMICS
Why in the news? India’s current account showed a surplus in Q4 of 2023-24, marking the first surplus in 11 quarters. Movements in the current account are significant as they affect the rupee’s exchange rate, India’s sovereign ratings, and overall economic health. Source: Textbook What is Balance of Payments? Definition: The Balance of Payments (BoP) …
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13May 2024
EXTERNAL SECTOR
Introduction The external sector of an economy encompasses all economic activities that involve foreign currency transactions. Export-import activities, which are the trade of goods and services across international borders. Foreign investment, including direct investments in business operations and portfolio investments in financial assets. External debt, which refers to borrowing from foreign lenders. Current and capital …
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