Asian Journal of Management and Commerce
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P-ISSN: 2708-4515, E-ISSN: 2708-4523

Asian Journal of Management and Commerce


An overview of balance of payments in India

An overview of balance of payments in India


Author(s): Dr. TG Uma

Abstract: Balance of Payment is a statistical record of a business of country with rest of the world. India has been facing this deficit or disequilibrium in terms of BOP since 1947. In the modern-day context, international trade plays a key role in the economy of every country. Exporting goods & services that a country has surplus of or is good at and importing those which it needs is a driver behind the international trade. Balance of Payments is a good measure which indicates the surplus or deficit in a country’s trade with other nations. The present article encapsulates the theoretical perspective on Balance of Payments in Indian context.

Pages: 125-129 | Views: 74 | Downloads: 53

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How to cite this article:
Dr. TG Uma. An overview of balance of payments in India. Asian J Manage Commerce 2022;3(2):125-129.
Asian Journal of Management and Commerce
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