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Why there is a need to control inflation to make balance of payment in equilibrium

Posted by Ayush Rawat 5 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Rajip Chowdhury 5 years, 2 months ago

Due to inflation domestic goods will become expensive thus export will also become expensive and thus there will be fall in export, and a deficit situation which won't balance the balance of payment.

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