Write any five major causes that bring disequilibrium in the balance of payment. Describe those measures which are used in India to correct it.
Disequilibrium in the balance of payments (BoP) can arise due to various factors. Here are five major causes of BoP disequilibrium, along with the measures used in India to correct them: Trade Deficit: Cause: When a country’s imports exceed its exports, it results in a trade deficit. This can occur due to a higher demand …