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The balance of payments is a record of all economic transactions between a country and the rest of the world. It includes the current account, which covers trade in goods, services, and income, and the capital account, which covers financial transactions. India has faced deficits in its balance of payments due to rising imports, slow export growth, and deficits in capital transactions. To address these deficits, the government has devalued the rupee, promoted exports, compressed imports, and taken other mea

Author

satgurupreetkaur

Language

EN