Implications of Balance of Payments during Post- Covid-19 Period in India

Abstract

India is an emerging economy of the world. The balance of payments represents the transactions of economy and plays essential role in determining the position of an economy. International trade is vital for all nations over the world. Trade stimulates the growth of various sectors of economy. The growth of economy depends on the exports and imports as these increases the foreign currency which leads to the overall development. The present study intends to examine the performance of balance of trade and analyze status of the indicators of balance of payments of Indian economy. The data has been collected for the current year from the secondary sources. The findings conclude that the balance of trade and balance of payments are the important components of Indian economy and these are moving in positive direction.