Indian RBI Trade Balance (USD)

Balance of payments is a set of accounts recording all economic transactions between the residents of the country and the rest of the world in a given period of time, usually one year. Payments into the country are called credits, payments out of the country are called debits. The current account records the values of the following: – TRADE BALANCE exports and Imports of goods and SERVICES – income payments and expenditure interest, dividends, salaries – unilateral transfers aid, taxes, shows how a country deals with the global economy on a non-investment basis.

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