Answer to Question #188437 in Macroeconomics for Jaymin patel

Question #188437

Explain the nature of trade balance between india and the US keeping in mind the exchange rate movements?


1
Expert's answer
2021-05-04T18:39:17-0400

India had a trade surplus of Rs 23.8 thousand crores with the USA which in dollar terms was USD 5.24 billion. The trade surplus has now increased to Rs. 1.22 lakh crores in 2019-20 which in dollar terms is USD 17.27 billion.


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS