• Dr. Peepa Ram

Balance of trade or BoT is a financial statement that captures the nation's import and export of commodities with the rest of the world. Balance of payment or BoP is a financial statement that keeps track of all the economic transactions by the nation with the rest of the world. The balance of trade is the difference between a country's exports and imports of goods and services, while the balance of payments is a record of all international economic transactions made by a country's residents, including trade as well as financial capital and financial transfers. India recorded a trade deficit of 23.50 USD Billion in July of 2024. Balance of Trade in India averaged -3.67 USD Billion from 1957 until 2024, reaching an all time high of 0.71 USD Billion in June of 2020 and a record low of -31.46 USD Billion in October of 2023.

Introduction, BoT in India, Concept, Importance, Structure and Current Situation

"Study of India's Foreign Trade and Balance of Payment", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 9, page no.d296-d303, September-2024, Available :http://www.jetir.org/papers/JETIR2409336.pdf

"Study of India's Foreign Trade and Balance of Payment", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 9, page no. ppd296-d303, September-2024, Available at : http://www.jetir.org/papers/JETIR2409336.pdf