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Free initiative - UPSC PYQs analysis , mentorship, Ytube-
https://youtube.com/@csematrix?si=wpKok9MAXOmiN_DcWelcome to our in-depth exploration of Balance of Payments (BOP) and capital and current account convertibility, crucial topics for UPSC preparation. In this 15-minute video, we will cover the fundamentals of BOP, detailing what transactions are included in both the current and capital accounts, and explaining the benefits of convertibility. We'll also delve into the challenges associated with full convertibility and discuss why India does not provide full convertibility in the capital account. This video will help you grasp these complex concepts with ease, providing clear explanations and relevant examples. Key topics covered include: Introduction to Balance of Payments (BOP) Detailed breakdown of current account transactions Understanding capital account transactions Benefits of convertibility Issues with full convertibility Reasons why India does not provide full convertibility in the capital account This video is tailored for UPSC aspirants and anyone interested in understanding the dynamics of international economics and its impact on India. Don't forget to like, share, and subscribe for more insightful content!
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