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Important Aspects To Cover Under 'External Sector' (for UPSC CSE)

Lesson 9 of 13 • 381 upvotes • 10:31 mins

Ayussh Sanghi

This lesson focuses on the aspects students need to cover for studying Economics. It throws light on what all to understand with respect to how India's foreign policy is designed, what are External Commercial Borrowings, Capital and Current Account Convertibility, Laws like MRTP, FERA and FEMA act. It also tells to focus on concepts like Current Account Deficit, Appreciation/ Depreciation of Indian Rupee, a difference between depreciation and devaluation of the currency, currency exchange rate and many more concepts. Also, certain questions are picked as an example of how questions can be asked in Prelims and how they must be answered.