The balance of trade shows a deficit of ₹ 300 crore. The value of exports is ₹ 500 crore. What is the value of imports?
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Balance of Trade = -₹ 300 crore
Value of exports = ₹ 500 crore
Balance of trade (Deficit) = Value of Exports - Imports
Imports = Exports - Balance of trade (deficit)
= ₹ 500 crore - (-₹ 300 crore)
= ₹ 800 crore
Value of exports = ₹ 500 crore
Balance of trade (Deficit) = Value of Exports - Imports
Imports = Exports - Balance of trade (deficit)
= ₹ 500 crore - (-₹ 300 crore)
= ₹ 800 crore
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