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The document discusses the balance of payments (BOP) of India and China. It provides information on India's BOP during different plan periods, noting deficits in the 1970s-1980s due to rising trade deficits. China's BOP is also examined, highlighting China's strict controls over international transactions and maintenance of financial stability. China experienced BOP surpluses in the 1970s-1980s but deficits in the late 1970s as it industrialized rapidly. Both countries accumulated large foreign exchange reserves by the late 1990s from trade surpluses and foreign investment inflows.
The document discusses the balance of payments (BOP) of India and China. It provides information on India's BOP during different plan periods, noting deficits in the 1970s-1980s due to risin…