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What do you understand by a country's internal and external balance and what specific objectives does it translate into for a policymaker to focus on?Why
What do you understand by a country's internal and external balance and what specific objectives does it translate into for a policymaker to focus on?Why does the external balance have to be always in balance? Elaborate the different transactions on the external account to arrive at the balance of payments for an economy? For an economy like India, which has a chronic trade deficit, is the balance of payments being generally met?
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