Explain the concept of deficit in …
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Posted by Nitin Singh 6 years, 7 months ago
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Abhishek Attri 6 years, 7 months ago
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Yogita Ingle 6 years, 7 months ago
Deficit in BoP refers to a situation when receipts of the country arising out of autonomous transactions are less than the corresponding payments to the rest of the world during the period of an accounting year. It highlights our net liabilities towards rest of the world.
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