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Tag: Balance of Payment

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Balance of Payment

Current Account Deficit: Causes, Implications and Way Forward

Understand Current Account Deficit for UPSC. Covers meaning, causes, oil import dependence, gold imports, trade deficit, implications, whether CAD is always bad and way forward.

Balance of Payment

Balance of Payments: Meaning, Components, Importance and Factors affecting BoP

Understand Balance of Payments for UPSC. Covers meaning, importance, current account, capital account, trade balance, invisible transactions and factors affecting BoP.