Balance of Payments

The Balance of Payments (BoP) serves as a crucial indicator of a nation's economic health, encompassing all transactions between residents and non-residents over a specified period.

In the early 1990s, India faced a significant Balance of Payments (BOP) crisis driven by various factors, including the Gulf War and cumulative economic issues.

Balance of Payments (BOP) is a comprehensive statement of a country's economic and financial transactions with the rest of the world over a specific period