Role of BOP in Economic development

Post date: May 19, 2019 10:49:4 AM

Assistant Professor Yogesh Ramdas Hole in Public Administration department has held a seminar entitled “Role of BOP in Economic development” which conducted on May/9/2019 at 12:00 PM in the department of Public Administration. The seminar titled ‘Role of BOP in Economic development’ is about the role and importance of Balance of Payment in the economy. The balance of payments of a country record of international transactions between residents of one country and the rest of the world. It takes into account the export and import of both visible and invisible items. It reflects all payments and liabilities to foreigners (debits) and all payments and obligations received from foreigners (credits). Balance of payments is one of the major indicators of a country's status in international trade. Very often, debt exceeds credit or the credit exceeds debt causing an imbalance in the balance of payment account. Such an imbalance is called the disequilibrium. Disequilibrium may take place either in the form of deficit or in the form of surplus.