List - I | List - II& |
---|---|
(A) Current Account Surplus | (I) Export of invisibles - Import of Invisibles |
(B) Balanced Current Account | (II) Receipts \(>\) Payments |
(C) Net Invisibles | (III) Receipts = Payments |
(D) Current Account Deficit | (IV) Receipts \(<\) payments |
"The Indian economy has witnessed a sharp turnaround during 2023 – 24 with Foreign Direct Investments (FDI) inflows of US $ 70.9 Bn and net Foreign Portfolio Investments (FPI) inflows of US 32.4 Bn."In which account of Balance of Payments will the given variables be entered and why?