Analysis of Development in Indian Balance of Payment

Introduction

analysis of development in Indian balance of payment . an era when advancements in travel and communication technology have reduced the whole world to what may at best be described as a global village and the barriers that had hither to separated one country from the other appear to have been reduced to the bearest minimum, economic relationships can be established with little or no difficulty amongst nations.

The major components of that activity are the trade balance (Merchandise exports minus merchandise imports), the current account balance (trade, services and transfer) and the capital accounts balance. The net total of these balances must equal zero, since the quantity of naira paid must equal the quantity received. 

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