Economics · Balance of Payments
Which of the following transactions would not affect India's Current Account balance?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Payment of interest on external debt
- 2External Commercial Borrowing raised by an Indian firm✓
- 3Higher remittance inflows from Indian workers abroad
- 4Increase in software exports
Correct answer
External Commercial Borrowing raised by an Indian firm
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