Export, Import & External Debt
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Exports involve shipping goods and services out of a country, helping boost the economy, though excess can also harm it. Imports bring goods into a country from external sources, having a negative economic impact in excess. External debt is money a country owes to creditors outside its borders, including other governments and international institutions, that can devalue the currency and hurt the economy.
Export, Import & External Debt
- 1. INDIAN EXPORT & IMPORT AND EXTERNAL DEBT Prepared By: Dhrumil Shah SYBBA Div 2 Roll No. 101 1
- 2. Export Means shipping the goods and services out of the country. The seller of such goods and services is referred to as an "exporter“. It helps boost the economy of the country. Excess of exports is also harmful. 2
- 3. Import Goods brought into the national border, from an external source. The party bringing in the good is called an importer. It has a negative impact on the economy. Excess of import leads to a devaluation of rupee and economy. 3
- 4. External Debt External debt (or foreign debt) is that part of the total debt in a country that is owed to creditors outside the country. The debt includes money owed to private commercial banks, other governments, or international financial institutions such as the International Monetary Fund (IMF) and World Bank. 4
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- 6. Indian Exports & Imports 6
- 8. Data Courtesy tradingeconomics.com commerce.nic.in wikipedia.org(definitions) 8