WAYS OF CORRECTING DEFICIT/UNFAVOURABLE BALANCE OF PAYMENTS

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  1. There should reduction in the volume of imports though trade restriction
  2. Raising loan from l.M.F. and rich countries
  3. Sales of foreign assets or investments.
  4. There should be increased exports through export drives such as the creation of export guarantee credit and insurance scheme.
  5. Devaluation of currency.
Others are Viewing:
  1. UNFAVOURABLE BALANCE OF PAYMENTS
  2. CAUSES OF UNFAVOURABLE BALANCE OF PAYMENT
  3. FAVOURABLE BALANCE OF PAYMENTS
  4. UNFAVOURABLE TERMS OF TRADE
  5. BALANCE OF TRADE
  6. BALANCE OF PAYMENT
  7. MEANS OF PAYMENTS IN FOREIGN TRADE

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