The balance of payments is the record of all international financial transactions made by a country's residents. A country's balance of payments tells you whether it saves enough to pay for its imports. It also reveals whether the country produces enough economic output to pay for its growth. The BOP is reported for a quarter or a year. In case of a balance of payments deficit means the country imports more goods, services and capital than it exports. It must borrow from other countries to pay for its imports. In the short-term, that fuels the country's economic growth. In the long-term, the country becomes a net consumer, not a producer, of the world's economic output. It will have to go into debt to pay for consumption instead of investing in future growth. If the deficit continues long enough, the country may have to sell off its assets to pay its creditors. These assets include natural resources, land and commodities.
What is the maximum limit for gold investing in a Sovereign Gold Bond Scheme by a trust?
भारत के संविधान सभा की संघ सामर्थ्य समिति के अध्यक्ष कौन थ...
Which of the Indian state _______ has the highest number of operational SEZ(Special Economic Zones)?
Name the state which recently approved 1% reservation for orphans in government jobs:
नक्सलवाद की जन्मस्थली ’नक्सलबाडी ’ निम्न में से किस रा...
Which year is referred to as the 'Year of the Great Divide' regarding population trends in India?
Where is the headquarters of the International Labour Organization (ILO)?
What is the maximum limit of starred questions that can be asked in the Lok Sabha on any given day?
Who is heading the MSME(Micro, Small and Medium Enterprises)?
‘The Gadkalika Devi’ temple is located in which of the following city of India?