Published Paper Details:

The balance of payments is a comprehensive record of all economic transactions between a country and the rest of the world over a specific period. A trade surplus occurs when a country's exports exceed its imports. A trade deficit occurs when a country's imports exceed its exports. The balance of payments provide a more complete picture of a country's economic interactions with the rest of the world, encompassing not only trade in goods but also services, financial transactions, capital flows. This paper made an attempt to know the balance of payments in terms of trade balance, current account deficit, capital account surplus, invisible income and to identify the bilateral trade surplus and deficit countries. To know all these results the data have been collected from the various secondary sources like books, magazines and other concerned annual reports. The collected numerical data have been analyzed and presented in the tables.