3 Main Components of Balance of Payment –Discussed !
The following points will highlight the three main components of balance of payment. The three main components are: 1. Current Account 2. Capital Account 3. Official Financing. The addition of the totals on current and capital account equal the total for official financing. Thus, if in Table 21.1 A + B + C + D = Rs. 3,000 crores, this [...]