Question
Evaluate the following statements about India's Balance of Payments (Bo
- P : I. The Current Account of BoP includes trade in goods, trade in services, primary income (compensation of employees working abroad, and investment income such as dividends and interest), and secondary income (personal transfers including workers' remittances, and grants). II. India consistently runs a current account surplus because its large services export surplus more than offsets its merchandise trade deficit. Which of the above is/are correct?
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