Tomorrow, we kick off Economy by Mrunal with Pillar 3A: Balance of Payment, International Trade, Currency Exchange (📖 pp. 513–552).
🎯 Targets to Complete
Pillar 3A: Balance of Payment, International Trade, Currency Exchange 🌍
- Benefits of International Trade 📈 – Explore how trade boosts growth, jobs, and innovation; types of economies, etc.
- BOP Meaning/Definition 📊 – Understand Balance of Payments as a record of economic transactions.
- RBI Method of Classifying BOP 📜 – Learn RBI’s approach to categorizing BOP components.
- Balance of Payment Current Account 💸 – Study transactions like exports, imports, and remittances.
- Reports/Indices Related to Export & Remittance 📋 – Examine key reports tracking trade and remittance flows.
- Current Account – Import of Oil, Gold ⛽️ – Analyze the impact of oil and gold imports on BOP.
- Current Account – Exports – GI Tag, SEZ 🚚 – Explore exports boosted by Geographical Indications and Special Economic Zones.
- Foreign Trade Policy, 4 Pillars 🏛 – Understand India’s trade policy and its four core pillars.
- BOP – Capital Account – Investment FDI, FPI 💰 – Learn about Foreign Direct and Portfolio Investments.
- IFSCA/GIFT City 🏢 – Dive into the International Financial Services Centres Authority and GIFT City’s role.
- BOP – Capital – Debt (Loans, Non-Resident Deposits) 🛡 – Study loans and NRI deposits in the capital account.